Retirement Planning in Thanet

Retirement Preparing tips in Thanet

Retirement Preparing for both Pre-Retirement and Post Retirement is often a significant part of life which you might have been looking forward to for a quantity of years, or not. But retirement also can be fairly daunting.

Finishing your working life could be a fantastic time; but making the right monetary choices, at such a landmark time within your life, is often daunting and possibly the most critical decisions you make.

There are several alternatives available to you and it’s critical to get it ideal and get tips.


Acquiring a pension annuity is definitely an vital one-off selection.

An annuity converts the funds built up in your pension into a regular earnings for the rest of your life removing the be concerned of possessing to spending budget for an unknown time frame.

Under present UK pension legislation you could to start taking your pension advantages from age 55. You don?t have to quit work to start getting your pension income.

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

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

Open Industry Choice

You do not need to get your annuity out of your pension provider. Getting your annuity from another provider could boost the revenue available to you, especially where your pension provider isn?t a specialist annuity provider or doesn?t give enhanced income primarily based on overall health troubles.

Obtaining a pension annuity is an critical one-off selection, possibly the most significant selection you’ll make.


This option is made to defer the buy of an annuity, leaving your pension fund invested whilst drawing an revenue straight from it. The remaining fund is left invested until such time as either you determine the atmosphere is right to get an annuity or if such each day under no circumstances arrives, maybe indefinitely.The revenue you take is often whatever you’ll need (topic to a maximum defined by the Government?s Actuary) and within those limits may be increased or decreased as your situations adjust.

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

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