Retirement Planning in Downham Market

Retirement Preparing assistance in Downham Market

Retirement Arranging for both Pre-Retirement and Post Retirement is actually a significant part of life that you just may have been looking forward to for a number of years, or not. But retirement may also be fairly daunting.

Finishing your working life is usually a wonderful time; but making the appropriate monetary choices, at such a landmark time within your life, can be daunting and possibly probably the most significant choices you make.

There are quite a few solutions offered to you and it’s important to acquire it suitable and get assistance.


Buying a pension annuity is an critical one-off decision.

An annuity converts the funds built up within your pension into a frequent revenue for the rest of one’s life removing the be concerned of obtaining to spending budget for an unknown period of time.

Under existing UK pension legislation you can to start taking your pension benefits from age 55. You don?t must quit perform to start receiving your pension earnings.

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

There are numerous sorts of annuity obtainable with diverse selections attached to them.

Open Marketplace Selection

You do not must invest in your annuity from your pension provider. Buying your annuity from an additional provider could increase the revenue readily available to you, particularly where your pension provider isn?t a specialist annuity provider or does not offer enhanced income primarily based on wellness issues.

Acquiring a pension annuity is an essential one-off choice, possibly essentially the most vital selection you’ll make.


This solution is developed to defer the acquire of an annuity, leaving your pension fund invested while drawing an income straight from it. The remaining fund is left invested till such time as either you decide the atmosphere is suitable to purchase an annuity or if such each day never ever arrives, probably indefinitely.The revenue you take is often whatever you’ll need (subject to a maximum defined by the Government?s Actuary) and inside those limits is often elevated or decreased as your situations alter.

To talk about your Retirement planning requirements
contact us today on 01621 876030.

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