Income
Pledgeour
income pledge means, when you receive your annuity offer we
will make every effort to improve on it, securing the Highest
Income for your money.
Increase
your annuity income by up to 30%!
If you are retiring now, shop around for the highest open market
annuity or we can do this for you, just use the free
annuity quote
Your
options
The following options will apply to
the vast majority of people planning for retirement that
have pension funds and are looking for either guaranteed
or flexible incomes but not including retirement benefits
in a final salary scheme. For those with £250,000
of pension funds or more, you can consider an open
annuity rather than the following options.
option
one
You may leave your existing
pension fund with the current provider and
after taking the tax free lump sum utilise
their annuity rates, purchase an annuity which
would then be guaranteed for life.
You may exercise the open
market option and choose to purchase your
annuities from another insurance company who
could offer up to 30% more income than option
one.
You may transfer the whole
value of your pension fund into a phased
retirement account and by using this facility
vary future income levels to fit in with your
overall financial plan.
You may transfer the whole
value of your pension fund into a pension
drawdown plan and use this vehicle to
provide variable income. Payments received
under this option are not income, but withdrawals
of capital, which may reduce your pension
fund.
You may already have a tax
free lump sum or have benefited from a recent
inheritance. If you want to increase your
income at retirement, compared to a pension
income a purchased
life annuity offers attractive tax advantages.
You or your partner may suffer
from an illness or have done so in the past
or suffer from diabetes or are a smoker. This
means you could qualify for an enhanced
or impaired life annuity where the income,
whether from a pension fund or lump sum, could
be increased significantly.
If you or an elderly relative
is about to be admitted to a residential care
or nursing care home because they can no longer
look after themselves, an immediate
needs annuity can cap the total cost of
long term care.
Disclaimer:
Information found on this site does not amount to financial advice or
legal advice. Every time you access the website you agree to be bound
by the Terms and Conditions.
If you do not agree to be bound by them, you should not use the sharingpensions.co.uk
website. Before taking any action regarding pensions, pension on divorce
or any other financial or legal matter you should seek professional
advice.
