Retirement Planning in Bury St Edmunds

Retirement Organizing tips in Bury St Edmunds

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

Finishing your working life could be a amazing time; but making the right financial decisions, at such a landmark time within your life, may be daunting and likely by far the most critical decisions you make.

There are many solutions out there to you and it can be critical to get it appropriate and get suggestions.


Acquiring a pension annuity is an important one-off choice.

An annuity converts the funds constructed up inside your pension into a common income for the rest of the life removing the be concerned of getting to spending budget for an unknown time period.

Under existing UK pension legislation you may to begin taking your pension benefits from age 55. You don?t must give up work to start getting your pension income.

Before you obtain an annuity, you’ll ordinarily be entitled to take up to 25% of your pension fund as a tax-free money lump sum. The remaining 75% of one’s fund can then be applied to buy an annuity. Alternatively, you could use 100% of your pension fund to get an annuity.

There are numerous kinds of annuity accessible with diverse alternatives attached to them.

Open Market Choice

You do not must acquire your annuity from your pension provider. Getting your annuity from an additional provider could boost the revenue available to you, specifically exactly where your pension provider isn?t a specialist annuity provider or does not offer you enhanced income primarily based on health concerns.

Shopping for a pension annuity is definitely an crucial one-off decision, possibly the most essential selection you are going to make.


This option is developed to defer the acquire of an annuity, leaving your pension fund invested whilst drawing an income straight from it. The remaining fund is left invested till such time as either you decide the atmosphere is right to buy an annuity or if such per day in no way arrives, possibly indefinitely.The revenue you take is often whatever you will need (subject to a maximum defined by the Government?s Actuary) and within those limits could be increased or decreased as your situations change.

To discuss your Retirement planning requirements
call today on 01621 876030.

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