Are you prepared for one of the most important decisions of your life?
As you get closer to your planned retirement your pension providers should provide you with a selection of options giving you choices on how to arrange your retirement income. These are not the only avenues available to you and the recent pension reforms allow for even greater flexibility. All these choices can however, make the decision making process harder!
Are you familiar with Annuities, Guaranteed terms, Indexation, Drawdown, Tax Free Cash, Spouses benefits? The list is extensive and this is only a small selection of the terminology used and the terms on offer! Did you know for instance that higher income rates can be obtained if you are a smoker, have certain medical conditions or live within an area where the postcode attracts a higher rate?
It doesn’t end there, have you considered the following:
- Would my spouse/partner receive an income on my death?
- Would the children inherit any of my pension?
- How will inflation affect my pension?
- Can I alter my income in retirement?
- Should I take the tax free cash?
Making the correct decision at your retirement is absolutely crucial and the differences between the various options is staggering, so before you make any decisions make sure you have considered all the possible options and sought independent advice from a pensions expert.
How can the Pension Planning Centre Help me?
Here at the Pension Planning Centre we have a team of highly qualified and experienced Independent Financial Advisers (IFA’s) who can work with you to ensure your choices are based upon good sound advice by offering you expert advice and guidance on the whole retirement market.
Working with us is easy, your initial consultation is at our expense and can be arranged at our offices or your home. To enable us to ensure we can provide you with accurate tailor made advice we will need to spend around an hour with you, during this time we will discuss your needs and aspirations and outline the options available to you. Following the initial meeting you will be in a better position to consider how to move forward and whether you would like us to help you further with achieving your goals for your retirement.