Retirement income planning
With life expectancy increasing many people retiring today could live for another thirty years. And with people generally living more active lifestyles in retirement, any carefully saved nest-eggs have to work harder for than ever before. The choices you make when you retire can have a significant impact on your standard of living for the rest of your life. So it’s important to make sure your decisions are right.
If you want to guarantee your pension income at a set level for life then retirement annuities are likely to be your best option. But most pension schemes allow you to shop around for an annuity to ensure you get the best income possible. And if you have any health issues it may be possible to get a much higher income through specialist enhanced annuities. However, if you want a more flexible income and keep control over your pension investments for longer, then income drawdown may be a better option.
In addition, any savings and investments outside of pensions, or any lump sums you receive from your pension, can be arranged to produce income. And, if it’s within an ISA, the income you receive will be tax-free.
Why Protection & Investment?
We will help establish your income needs in retirement and see how you can generate that income from your pensions and savings. We will advise you on the best options - from comparing annuities and pension drawdown products, to phased retirement, ISAs and bonds - to ensure you maximise your assets.
And we will review your income plans regularly to ensure they remain on track.
Next steps
To discuss your retirement options, contact us today for an initial, no obligation consultation.
We also offer advice on:
“ It is good to know that someone is keeping an eye on our investments for us. We value your advice and look forward to our next review - Mr & Mrs B, Bristol ”
