Retirement Planning in Great Totham

Retirement Planning tips in Great Totham

Retirement Arranging for both Pre-Retirement and Post Retirement is a important part of life which you might have been looking forward to for any number of years, or not. But retirement may also be pretty daunting.

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

There are several possibilities readily available to you and it really is crucial to get it right and get advice.


Purchasing a pension annuity is an significant one-off selection.

An annuity converts the funds constructed up inside your pension into a normal income for the rest of your life removing the be concerned of obtaining to budget for an unknown time frame.

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

Before you get an annuity, you can generally be entitled to take up to 25% of your pension fund as a tax-free money lump sum. The remaining 75% of your fund can then be utilised to get an annuity. Alternatively, you might use 100% of your pension fund to buy an annuity.

There are a lot of forms of annuity out there with distinctive alternatives attached to them.

Open Market place Choice

You don?t need to get your annuity from your pension provider. Acquiring your annuity from a different provider could improve the earnings out there to you, specifically exactly where your pension provider isn?t a specialist annuity provider or doesn?t offer you enhanced earnings primarily based on wellness problems.

Purchasing a pension annuity is an vital one-off choice, possibly one of the most crucial choice you will make.


This choice is made to defer the purchase of an annuity, leaving your pension fund invested while drawing an income directly from it. The remaining fund is left invested till such time as either you make a decision the atmosphere is ideal to purchase an annuity or if such every day in no way arrives, perhaps indefinitely.The revenue you take could be what ever you may need (topic to a maximum defined by the Government?s Actuary) and inside those limits might be elevated or decreased as your circumstances alter.

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

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