Your Retirement Options

Having saved hard and accumulated funds within your pension(s), you have two main ways in which you can take benefits:

Option 1: Annuity Purchase

An annuity is an income normally guaranteed for life.

The most common type of annuity is a pension annuity.

A pension annuity is purchased using the fund(s) accumulated in your pension(s) less any tax free lump sum taken.

Annuity purchase involves the exchange of capital for income.

Using the open market option, we obtain the best annuity for you based on age and health.

There are many options:

• Single Life Level.
• Single Life with inflation Proofing.
• Joint Life Level.
• Joint Life with Inflation Proofing.
• Guaranteed Annuities.
• With Profit Annuities.
• Unit Linked Annuities.

Our Service

• We will advise on the most appropriate annuity for your circumstances...
• We will search the market (using the open market option) to obtain the best annuity for you based on age and health.

Option 2: Pension Fund Withdrawal (sometimes called Income Drawdown)

This is an alternative to annuity purchase and has the following features:

• You can defer all or part of a pension fund normally used to purchase an annuity.
• Your pension fund remains invested.
• If your pension fund is held in a SIPP, you can invest in any legal pension asset.
• Your income can be varied each year to suit your overall circumstances.
• On death, any remaining fund can pass to your nominated beneficiary after taxation.

Our Service

• Compare the annuity purchase option with pension fund withdrawal.
• Advise upon and arrange any pension transfers into drawdown.
• Ongoing investment advice for any funds remaining invested aimed at maximising your risk adjusted returns.
• Ongoing advice so that you can enjoy the flexible, tax efficient benefit structure.

The Next Step

The most important thing when deciding which option to choose is to select an adviser who has the relevant expertise and experience in this field and to be satisfied about his/her impartiality and level of remuneration. If you are satisfied about these two things, the rest tends to be plain sailing. To find out more about our retirement options advisory service without any obligation whatsoever, please call us on 01993-846977 or complete the enquiry form.