pensions

Thinking today
about tomorrows income

Ensure you get the best income in retirement

If you're nearing the time when you wish to take an income from a pension scheme, make sure you get advice early. There are many options for ensuring you have a suitable retirement income, and you'll want to make sure you make the best choice you can.

Take advice on pension annuities

An annuity is the most common way to obtain an income from a pension. After taking any tax-free lump sum, you use the rest of the fund to purchase an annuity from an insurance company. The annuity pays an income until you die.

But annuities can be confusing. Do you convert only part of your pension and delay converting the rest until later? How does the limit on the total tax-free lump sum affect your decision on annuities? How do you choose where to buy your annuity from? Are there other investment options? Would it be better not to take the lump sum?

Our consultants will help you decide what the best options are in your situation.

Don't make any decisions on annuities until you have spoken to us – contact us now.