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Options At Retirement – 2/2 – Pensionfinder








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Options At Retirement

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  • Options At Retirement

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    Comparing Annuity and Retirement Options

    Comparing Annuity and Retirement Options“>

    There are five main pension options in total: Ÿ  Lifetime Annuity Ÿ  Investment Linked Annuity Ÿ  Phased Retirement Ÿ  Income Drawdown Ÿ  Alternatively Secured Pension We will quickly run over the options that each provides. Tax-Free Cash For Lifetime Annuities, Income Drawdown and Investment Linked Annuities you must take your cash the moment your pension

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    Making Pensions more flexible

    Making Pensions more flexible“>

    The new Conservative government published their Finance Act legislation on 9 December 2010 which has outlined plans for a host of changes designed to make pensions less rigid. The following information will tell you about the major changes which are likely to come into effect on 6 April 2011. As it is a draft legislation,

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    New Rules for Drawdown, Tax-Free Cash and Annuities

    New Rules for Drawdown, Tax-Free Cash and Annuities“>

    New Drawdown Option Flexible drawdown is a brand new addition to pensions and enables investors to withdraw any sum of money from their pension pot once they retire. You must be over the age of 55 and have a secured pension income of £20,000 per annum before being allowed to use this option. The secured

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