Pension Advice

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Pension Consolidation

Like many people, you may have a number of pension plans accrued over the years as you have switched employment. We can analyse these pensions for you and if it is prudent and advantageous to you consolidate these plans with a provider offering a lower charging structure and better fund choice with simpler administration.

Options at Retirement

Like many people, you may have a number of pension plans accrued over the years as you have switched employment. We can analyse these pensions for you and if it is prudent and advantageous to you consolidate these plans with a provider offering a lower charging structure and better fund choice with simpler administration. Your choices could be confusing so expert advice is essential. Even a simple annuity demands that you choose between the following options:

  • Single or Joint Lives
  • Level or Inflation Proofed
  • Guaranteed or Investment linked
  • With or without guarantee periods

And if do not wish to commit to a permanent annuity you have the option of leaving your pension fund invested and drawing your living money from it in a variety of ways. Taking into account your personal tax position and your attitude to risk you could:

  • Purchase a temporary annuity
  • Drawdown your income from the pot of money you have accumulated
  • Phase your retirement over a number of years or
  • Decide annually on a combination of tax free lump sums, annuities or drawdowns.

Buying an annuity can be an irrevocable decision, so it is important to get professional advice. If you have any queries regarding annuities or about pensions generally call us on 01452 541679 or email us today. We are here to help you. This business will be referred to a specialist in this field.