Key things to remember:
You need advice by law before you can take money from your pension
Your money stays invested for you to access as and when you need it
From age 55 you can withdraw your money taking up to 25% tax free
Keep your pension invested and take a flexible income as and when you need it. Your retirement could last for many years, and drawing an income from your pension allows you to keep your retirement income options open. Drawing down your pension at your own page offers you more flexibility than ever before, and could allow your pension fund to go much further.
There are so many factors that go into planning a retirement income, such as pension value, personal retirement plans, and attitude to investment risk. Professional advice from an expert financial adviser is essential to get you the best possible income and lay out all of your retirement options. To be connected with a financial advisor, and see how drawdown could benefit you, complete our simple form.
It’s a legal requirement to seek advice from an FCA regulated financial adviser before you can access your pension savings. By connecting you with a professional pension expert, they’ll explain all your pension options, and you’ll get a personally tailored plan to get you the best deal for retirement. In addition, you will also receive a free all-you-need-to-know guide to pension drawdown.
"My pension adviser helped me calculate how to get the best retirement income out of my pension savings."Maureen Knowles