Retirement Planning

 

Retirement Planning

At David Winter Independent Financial Advisers Ltd, we are able to explain all the options which might be available to you and help you to make an informed decision about your income provision in retirement.

Robust Retirement Planning

For the vast majority of people, income in retirement will depend on the value of the pension fund they have accrued. When approaching retirement, one of the most important decisions you need to make is “what is the best pension option for me?” Should you move into drawdown, or take an annuity with an Open Market Option, a single or a joint life or an increasing pension.

Recent changes to pension legislation governing how you draw your pension has made it vitally important to get the right advice before deciding what to do with your pension. The new flexible pension rules mean you have far more choice when approaching retirement. For example, you can to take lump sums, cash it all in or take an income. Each scenario has different tax implications and there is also the consideration that your current pension provider may not support flexible drawdown.

The fact that we are independent means we are able to assess all your pensions and give you an honest appraisal of what you have and what the best option would be for your specific situation. It also means that if you opt for an annuity instead, we would have access to the best rates available on the market.

For more information please complete our enquiry form.

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