Retirement Planning in Bicknacre

Retirement Planning tips in Bicknacre

Retirement Arranging for both Pre-Retirement and Post Retirement is actually a key part of life that you just might have been looking forward to for a quantity of years, or not. But retirement also can be quite daunting.

Finishing your working life can be a amazing time; but making the proper monetary choices, at such a landmark time in your life, can be daunting and almost certainly one of the most significant choices you make.

There are several selections offered to you and it can be essential to have it suitable and get guidance.


Obtaining a pension annuity is definitely an important one-off choice.

An annuity converts the funds constructed up inside your pension into a typical income for the rest of one’s life removing the be concerned of possessing to price range for an unknown time frame.

Under existing UK pension legislation you can to start taking your pension benefits from age 55. You don?t have to give up function to begin receiving your pension revenue.

Before you purchase an annuity, you’ll generally be entitled to take as much as 25% of the pension fund as a tax-free cash lump sum. The remaining 75% of your fund can then be used to buy an annuity. Alternatively, you can use 100% of your pension fund to buy an annuity.

There are lots of kinds of annuity readily available with unique alternatives attached to them.

Open Market place Solution

You don?t have to get your annuity from your pension provider. Acquiring your annuity from another provider could increase the income obtainable to you, specifically exactly where your pension provider isn?t a specialist annuity provider or doesn?t provide enhanced earnings based on health problems.

Shopping for a pension annuity is an important one-off decision, possibly probably the most vital selection you will make.


This option is created to defer the buy of an annuity, leaving your pension fund invested whilst drawing an revenue directly from it. The remaining fund is left invested until such time as either you choose the atmosphere is ideal to get an annuity or if such every day by no means arrives, possibly indefinitely.The income you take could be whatever you need (subject to a maximum defined by the Government?s Actuary) and inside those limits is usually enhanced or decreased as your circumstances transform.

To discuss your Retirement planning requirements
phone us today on 01621 876030.

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