If you are fast-approaching retirement you may well benefit from speaking to us about our At-Retirement Planning Service which outlines the range of schemes which enable you to convert your retirement savings into income.
There is no longer a requirement that your pension savings are used to purchase an 'annuity' at retirement although this remains the most commonly used method. Factors to take into account when making the right decision for you will include:
- The value of your accumulated pension fund(s)
- Other sources of income or capital available to you
- Your state of health
- Your attitude to taking financial risks
- Your desire to pass on assets to your dependants
Get in touch to find out more, an initial consultation is available at our expense and without obligation.