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Income Options at Retirement

If you are planning to retire in the near future you may be wondering how you should take the benefits from your pension fund, i.e. some tax free cash and an income.

 

There are a number of options to consider, such as: 

  • Conventional annuity
  • Investment linked annuity
  • Income withdrawal (unsecured pension)
  • Phased retirement
  • 3rd Way annuity
  • Taking of pension lump sum (tax free cash)
  • Making use of pension fund withdrawals post April 2015 after the recent budget changes

Each has both advantages and disadvantages.  The most suitable option will depend on a number of factors such as your personal circumstances, attitude towards investment risk and retirement objectives.

Our advisers have many years of experience in this area.