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We are pleased to launch our new guide to retirement containing all you need to know about the options you have with your pension.
The guide is available as a PDF (see right), or by simply selecting from the list below the sections of the guide that you wish to read.
The guide is for those with a Personal Pension or Company Money Purchase Schemes. If you have any defined benefit pension arrangements, often referred to as Final Salary schemes, please contact us for further details.
Historically, the most popular choice when reaching retirement was to take the maximum tax-free lump sum available and to use the remaining pension fund to purchase an annuity. In recent years, the rules and choices for drawing pension benefits have been revised, indeed it was recently announced that the requirement to purchase an Annuity by 75 would be abolished.
You now have greater flexibility and choice in how and when you take your pension benefits than ever before. This guide explains and examines all the options that might be appropriate for your circumstances, however it is no substitute for specific advice into your circumstances, click here to see how we give advice.
Update on recent changes
Key Considerations
Options
Lifetime Annuity
Investment Linked Annuity
Fixed Term Annuities
Income Drawdown
Phased Retirement
Alternatively Secured Pension (ASP)
Steps to consider leading up to retirement
