Pensions at Retirement
When it comes to retirement many people will choose an annuity, as it offers a guaranteed income for the rest of their life. It is important to look at different providers, as a higher income can be obtained just from picking the right company. Large enhancements can be obtained for smokers, or for ill health, and often for relatively minor illnesses. It is important to select the correct options at the outset with annuities, as you cannot generally change them at a later date.You might wish alternatively to look at more modern products, particularly if you have a larger fund or you wish to draw your pension fund in stages. You could, for example, take a tax-free sum at the start and then take income as and when you want it, leaving the balance of the fund invested so it can still benefit from investment growth.
If you are single, or in ill health, then occupational schemes should also be examined, as taking the offering from the scheme may not be in your best interests.
Investments |
Personal Pensions |
Occupational Pensions
Pensions at retirement | Protection Planning | Mortgages
Trusts and Taxation | Child Trust Funds | Estate Planning
Pensions at retirement | Protection Planning | Mortgages
Trusts and Taxation | Child Trust Funds | Estate Planning
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