What are my options?
Upon reaching age 55 it is possible to take the benefits of your Personal Pension fund in a number of different ways.
Some options are more flexible than others and there were recent legislative changes, some of whichg are covered within our FREE download “Retirement Options” brochure. Please note the options detailed below are different if you are in a Company Pension scheme, and the way you take your Pension benefits will usually be dictated by the Scheme Rules.
This is a general guide designed to provide you with an overview of the main options available to you when you begin to start taking your Pension benefits. We are providing a brief description, highlighting the key advantages and disadvantages of each. If there is any aspect you would like more detail or explanation of please don”t hesitate to contact us