Independent Financial Adviser in Colchester, Essex - Woodruff Financial Planning
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Retirement Options

What are your retirement options?

Most people do not realise it but they have many options when it comes to their retirement.

The typical consumer will save in their pension for years, come to retirement age and then take a pension annuity with the same company.

However, it does not have to be like this.

You are entitled to take one of these retirement options

  • Take an open market option
    This allows you to shop around for the best pension annuity available to you
  • Take a specialist annuity
    You may have some health or lifestyle issues which mean that you could get more money for your pension annuity
  • Transfer to income drawdown
    This allows you to keep control over your pension income, funds selected and even leave some money to your dependants
  • Transfer to phased retirement
    This allows you to put off a pension annuity, and take flexible income. Your dependants will receive the maximum money on your death
  • Continue saving in a personal pension
    The rules now allow you to continue saving in a personal pension even without earnings

At Woodruff Financial Planning we can give you advice on which of these retirement options would be best for you. We can then recommend appropriate solutions.

Click here to see our leaflets on retirement options.

Please contact us if you would like to further discuss your retirement options.

 

 

 


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--- Pensions --- What is a pension? --- Personal Pension --- Stakeholder Pensions --- What we will do --- Pension Quotes --- Tax free cash --- Tax relief --- Retirement annuity plan --- Company pension scheme --- Group personal pension --- Retirement Options --- Pension annuity --- Open Market Option--- Income Drawdown --- Phased Retirement --- Money Purchase scheme --- Final Salary Scheme --- EPP --- SIPP --- SSAS --- Pensions and divorce ---
--- Write: Suite 43, The Colchester Centre, Hawkins Road , Colchester, Essex, CO2 8JX --- Phone: 01206 266882 --- Email: click here ---
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Dan Woodruff, trading as Woodruff Financial Planning, is an Independent Financial Adviser with Julian Harris Financial Consultants who are Independent Financial Advisers authorised and regulated by the Financial Services Authority No. 153566.
By viewing this site, you are deemed to accept our terms and conditions in full. This site is for information only, and does not constitute financial advice.
Independent Financial Adviser Colchester Essex UKFor United Kingdom residents over 18 only. © 2003 - 2008 Woodruff Financial Planning.