Independent Financial Services

Retirement Income

Having made the most of building up your pension fund throughout your working life, the most important decision then is what to do with it.

These are some of the options:

Annuities - Level, increasing, with or without guarantees, spouses pensions, with profits, impaired, enhanced etc

Drawdown - Taking maximum tax free cash, leaving the rest of your fund invested, Minimum or Maximum Income subject to government limits & your needs, Fund choices.

It is best to seek independent advice to understand what options are available, and the pro's and con's of each option. Also, there will be major changes to all pensions with Pension Simplification on 6th April 2006 - you will need to be aware of how these changes will affect you.