At Retirement

It can be difficult to understand your options at retirement. In this section, we have explained some common retirement options in plain simple language. This information is intended only as guidance. For advice on your specific circumstances, please get in touch.


Enhanced Annuities

Enhanced Annuities

An Enhanced Annuity pays a higher income in retirement if you have a medical condition that may reduce your life expectancy.

Income Drawdown

Income Drawdown

Income Drawdown is a more flexible alternative to the traditional annuity route, offering greater choice and control for many people.

Your Retirement options

Your Retirement options

On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your pension savings and the options you have in retirement.

Pensions

The lifetime allowance lets you save up pensions worth a total £1.055million with the benefit of tax relief. Once you exceed the limit, HMRC will start to claw back the tax relief.
Young people are eschewing cash gifts this Christmas and want pension bungs in their stockings instead.
These are the investments you should put into your ISAs and SIPPs first in order to maximise your tax breaks.