Retirement Income
Retirement Income Advice…
Good financial planning is necessary to ensure that you enjoy an adequate retirement income to ensure that your pre-retirement living standards are not compromised.
Starting pension planning can make a huge difference to the level of income you can expect when you retire. The types of pension and the funds that are available to invest in are numerous and require advice.
Under current legislation pension funds can grow tax free and at retirement you have the option of taking some of the cash tax free. The balance of the fund can either be invested in a pension drawdown arrangement or in a traditional or investment annuity arrangement. Pension income is subject to tax at your personal tax rate.
Maintaining your living standards requires income to keep in line with inflation so this needs to be factored into any planning exercise as the cost of living over a typical retirement of 20 years can be significant. Building in protection against retail price inflation is expensive and so it is worth doing a thorough review of expected living expenses in retirement to ensure the sums add up.
Our Retirement Pension Service* provides:-
- Impartial retirement income advice on your pension options.
- Advice on investing tax free cash for income.
- Quotes & Advice on your Annuity Options - You could get up to 30% more income by choosing the right annuity provider for you. Information & Advice on other retirement income products.
- Assessment of your circumstances to find the most suitable type of pension for you.
- Helping you with the relevant paperwork to ensure that your pension is processed smoothly.
| Barclays Defined Returns Plan |  | Minimum Pension Investment £3,600 | |
| This capital protected plan has a choice of investment terms of 6 years offering a maximum return of 44%. Can be used for SIPP and SSAS pension investment. |
**Guaranteed gross income.
Disclaimer
Please bear in mind that:
- The above investment plans are designed as medium to long term investments.
- Past performance of the FTSE 100 should not be seen as an indication of future performance.
- The FTSE 100 Index measures only the capital value of the shares in the Index and no allowance is made for dividends paid by the companies in the Index.
- If you redeem a structured investment plan before the end of the term, you may get back less than the amount you originally invested. The value of the plan will be determined by the price at which the Investments can actually be sold on the relevant dealing date.
- The list of investment plans provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- The levels and bases of taxation and reliefs from taxation can change at any time and the value and availability of any tax reliefs depends on your individual circumstances. Any favourable tax treatment of SIPPs and SSASs may not be maintained in the future and is subject to changes in legislation.
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*Our pension service will put you in touch with a network of specialist independant financial advisers who can offer professional pension advice