Options At Retirement
If you are planning to retire in the near future you are probably thinking about how you will convert your pension fund into an income.
There are several options available and these should be carefully considered before making your final decision.
Since April 2006 the available retirement options offer increased flexibility and complexity at retirement, but with professional independent advice you can consider all of your options before making the most suitable choice.
There are several main options to consider. Each has both advantages and disadvantages. The most suitable option will depend on your personal circumstances, attitude towards investment risk and retirement objectives.
-Conventional annuity
-Investment linked annuity
-Income withdrawal (unsecured pension)
-Phased retirement
-Alternatively secured pension (from age 75)
Our advisers have a great deal of experience in the area of income options at retirement. Choosing the most appropriate retirement income option is about much more than finding a competitive annuity rate. By working with an Informed Choice Financial Planner you will ensure that your retirement income is aligned to your financial objectives.
Do call us on 01483 274566 or email hello@icl-ifa.co.uk to request our retirement options welcome pack and arrange an initial meeting. This first meeting is at our expense and without any obligation.
