Those who are fortunate enough to have grandchildren will know what a huge amount of pleasure they can bring; they will also know that it’s great to be able to hand them back to their parents at the end of the day!

You might want to share some of your hobbies with your grandchildren or take them to some of your favourite places; you may also wish to support your children financially as they start families of their own.

Although retirement is generally considered to be a time of reduced expenditure, you may find that your outgoings in the first years of retirement actually increase as a result of the patter of all these tiny feet! Regular meetings with your Financial Planner will help to ensure that your income is sufficient to be able to treat your grandchildren as and when you want to.