Annuities                 

When you reach retirement and decide to take benefits from your pension, the decisions that you make at that time will dictate your income for the rest of your life. There are a number of factors that need to be taken into consideration when deciding on your annuity choices at retirement, for example:

• Your age
• The size of your pension fund
• Your tax position
• Do you wish to receive the tax free lump sum?
• Your income needs, i.e. how much do you need and how often?
• Do you require an income that can be varied?
• How much risk you are prepared to take with annuities (if any)
• Your health
• Your life expectancy
• Your dependants’ needs
• Your dependants’ health
• Your need for a secure income and peace of mind
• Your need for flexibility and/or some degree of control
• Whether you are prepared to take some risk with annuities
• Any other pensions you may have, including occupational scheme benefits
• Your other investments
• Your income from other sources including any other annuities

For a quick quote please select you pension fund size below: (above or below £150,000)

As well as the above considerations, there is also the decision as to what type of product you elect to use to take benefits. Most people think that at retirement buying an annuity is the only option available, however if your pension fund is over £150,000 there are a number of different ways to take benefits from your pension. These may give increased flexibility along with improved protection for your partner and so again there are a number of factors you need to consider to arrive at the right decision.

Alternatives to an annuity may mean a higher degree of investment risk and may not be suitable for everyone and so it is important that you seek specialist advice. We can help you through this decision making process, we provide a full advisory service for annuities which will take account of your circumstances, attitudes and retirement income requirements, providing you with our written recommendation to help you achieve your objective.

On completing the enquiry form one of our trained advisors will contact you to discuss your retirement and there are no fees for any initial consultation which may be by email, phone or meeting if required. You may incur costs should you decide to buy a particular product, including annuities, and these will be fully explained to you by the advisor before you finally decided to proceed.