The Which? guide to money in retirement - Jonquil Lowe|Consumers' Association

Retirement may be the end of full-time work but there's no doubt you'll be kept busy managing your finances. The decisions start on the day you decide to draw a pension and continue throughout retirement. This practical guide will help you organise all aspects of your finances to best advantage. It covers:;Pensions - the choices you make at the point of retirement could be the most important you ever make. They can determine your financial well-being for the rest of your life.;Savings and investments - in retirement, the goals you have and the risks you are comfortable taking are usually different from those of earlier life. This guide takes you step-by-step through building an appropriate plan and selecting suitable investments.;Boosting your income - other ways to finance retirement are explored, such as home income plans and similar schemes, continuing to work, and claiming all the state benefits to which you are entitled.;Tax - dealing with tax returns and self-assessment can seem daunting, especially if you have spent a lifetime being taxed through PAYE. This guide shows you how to get on top of the system.;Funding long term care - Ii's natural to be concerned about what would happen if you could no longer look after yourself, but you can plan ahead for peace of mind.;Inheritance - with a bit of forward planning, you can pass on your wealth to your heirs without filling the Inland Revenue's pockets.