Pension Advice When Coming Up To Retirement

Pension Advice When Coming Up To Retirement

Pension Advice When Coming Up To Retirement. Having invested into a pension, or several pensions, you now face a decision as to how you are going to collect your retirement income. There are various options available to you.

Annuity purchase involves giving your pension fund to an annuity provider in return for income. There are different types of annuities, and each provider will offer a different rate for each different type of annuity.

You may also ‘draw down’ income from your retirement fund, depending on the size of the fund. Alternatively, you could continue to work full, or part time and want a partial pension income, or defer income to a later date.

Pension Advice When Coming Up To Retirement

This is a vital time in your life and it’s imperative you get the right advice and come to the right decision for your particular unique set of circumstances.

Further Reading:

Approaching Retirement, Have Multiple Pensions and Need Advice?

The Pensions Regulator

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