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Photo of client Christopher

Christopher's story

Christopher used the HL website to help him retire early. With HL he's able to manage all his wealth under one roof, and uses the linked account service to manage his family’s money too.

Please note: This case study is not personal advice. If you’re not sure what’s best for your situation, ask for financial advice.

"I’m 64 and I retired back in September 2020 where I worked as a production manager in a printing factory. I was able to retire early before the State Pension age.

I have got my own HL Self-Invested Personal Pension (SIPP). I transferred my old workplace scheme into my SIPP. I’ve also got an HL Stocks and Shares ISA. And an HL Active Savings Account where I hold some of my savings. I became an HL client about 18-20 years ago with the aim of saving to retire early. HL had lots of information on their website to help, but I also made it my mission to understand things.

I chose HL because it was easy to understand the products they offered. They were also a large company with a good profile. I was sure I could trust them with my money. They are a reputable company. I manage my accounts on my phone and on a desktop. You can see and monitor your savings and investments easily.

The biggest retirement challenge I faced was ‘how much do I need to retire’. I used HL’s website and got a pension forecast. You can ask HL questions or email them, and you always get a response. I also got advice from one of HL’s financial advisers. I looked at competitors, but I thought that HL offered me the best service and the best choice. When I was choosing my retirement options, I used HL’s website to learn about annuities and income drawdown, and the benefits of each option. It also helped me work out how much annuity income I could get and how much drawdown income I could get.

As well as my pension income I’m planning to start drawing my income off my investments in my Stocks and Shares ISA. I’ll just be taking my dividend income every month. I use the app to help me manage my income. You can see all your accounts, like the Stocks and Shares ISA and your cash savings. It’s so easy, you can click and see exactly what you’ve got.

I would say HL is definitely a good place for people who want to be hands on. It’s an excellent place if you’re interested and want to achieve your goals. You’ve got plenty of opportunities to learn as well. I’ve grown in knowledge and confidence through HL’s platform. I believe I’ve been able to reach my goals quicker. That’s why I think it’s a good platform for anyone.

It's also great for potential parents to invest for their children and be able to look at what their children’s finances are doing. You can really set them up a nest egg for the future. I look after my nephews' and nieces' money. I can access them through my own account with the linked accounts service.