Income in Retirement

Building up a retirement fund throughout your life isn’t always easy, but once you have managed to secure a reasonable fund and you’re considering taking your benefits, it becomes very important that the right choices are made.

An Annuity is a guaranteed fixed income which you buy with a lump sum; its term may be to a fixed date, when you die or when your spouse or another named person dies.

When you come to retirement, it might be tempting to choose the first fixed rate, level annuity quote you receive but with life expectancy increasing, your annuity might have to pay out for considerably longer and your needs may change over time therefore it is sensible to shop around.

Do you know what your options are?

  • How long do you need your money to last?
  • How much income will you need today and later on in retirement?
  • How can you inflation proof your income?
  • Should you keep the pension fund invested?
  • What about your loved ones, could you use your pension to provide for them when you are gone?

With so many options available, choosing the right solution for you can be a complex decision. Our Financial Planners are available to discuss these options with you in more detail and help you understand what’s best for your situation.

Our retirement planning and pension review service can help you to make the right choice – and maximise the income available, whichever option you choose. We take a detailed look at what you have, what your plans are and what can be done – and then hunt for the best solutions for you.

For help on these important decisions, please get in touch to arrange an initial appointment with one of our Financial Planners

The value of investments can go down as well as up, and you may get back less than you invested.

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