We have many years of experience in helping clients to select the most appropriate option to take their pension benefits and to enjoy a long and relaxed retirement.
During the course of a lifetime, we all make a number of important financial decisions but few if any, will be of such long reaching consequence as those made when taking pension benefits. Decisions that need to be made in relation to pension income are extremely important, making the right decisions will help you to enjoy a long and relaxed retirement, but getting it wrong is probably irreversible and may well mean retirement years spent in anxiety and stress over your finances.
The benefits that you can take at retirement will comprise:
A single “Tax-free” lump sum amount that you can spend or Invest as you wish A pension that is payable for the remainder of your lifetime The guarantee or option of a further lifetime pension for a widow(er)
We aim to explain in straightforward terms, the different ways in which you can access your pension entitlements, the advantages and disadvantages of each method and the extent to which your pension is guaranteed or dependent on future investment results.
This area of advice is now so complex that in most instances if you try to access your pension without advice you will be worse off!
You should note that the value of your investment in investment-linked funds can go down as well as up and that their past performance is not necessarily a guide to their future performance.