retirement financial planning made easy == retirement options

• so many pension options • we attempt to demystify these • what flexibility will you have?• personal pensions give more control

• lump sum can be accessed from age of 55• this age has just risen and may again soon!• remaining fund can stay invested or be used to produce an income• … via an annuity or income drawdown

• beware annuities when interest rates are low• low rates = low income! • income drawdown is more popular when interest rates are low• but annuities provide more security as the income is fixed

• enhanced annuity available if your insurer thinks you may have a lower life expectancy• e.g. smoker or type 2 diabetes• enhanced annuities provide better income

• an impaired annuity may be available if you have a medical history• e.g. remission from cancer or stroke• higher income is possible

• variable annuity is a hybrid• part income drawdown, part annuity

• phased retirement lets you vary your income• E.g. more at start of retirement, less at end• often used as a tax planning vehicle• alternatively secured pension• trivial commutation

• want to retire abroad?• consider a QROPS• corporate pension• final salary pensions• enhanced tax free cash• early retirement

Summary• don’t forget you have the right to shop around• even pensions are taxable• seek the right advice!

Visit RetirementPlanningSolutions.co.uk now to claim your FREE

consultation with top retirement expert Michael

Garvie!