Options available when deciding to take pension benefits
|
|
- Nickolas Dean
- 8 years ago
- Views:
Transcription
1 Options available when deciding to take pension benefits You can now use the money that has built up in your pension fund to provide you with an income in retirement. An income can be provided in any of the five following ways: 1. Buy an annuity from another provider. This is sometimes known as the open market option 2. Take limited income directly from your pension fund. This is called capped drawdown 3. Take unlimited income directly from your pension fund. This is called flexible drawdown 4. Take benefits from only a part of your pension and delay taking the remainder. This is called phased retirement 5. Taking smaller pension pots as a lump sum Buying an annuity from another provider An annuity is a financial product where you use all or some of your pension savings to buy a guaranteed income for the rest of your life. It is the most popular way people buy a retirement income and, if you have built up more than one pension pot, you can combine them into one annuity. Buying an annuity is a one-off decision that will set your income throughout your retirement and cannot be changed. The open market option When choosing to purchase an annuity you must decide which provider to buy this from. This is sometimes called exercising the open market option. Different annuity providers offer different annuity products and offer different annuity rates for the same type of product. The open market option allows you to choose the best annuity product for your needs. By choosing the right annuity product you could significantly increase the amount of income you receive in retirement. When purchasing an annuity using the open market option you can: Use all your pension fund to buy an annuity; or Take some of your pension fund immediately as a tax-free pension commencement lump sum, then use the remainder to buy an annuity. The amount you can take as a lump sum is usually up to 25%.
2 Types of annuity There are several different types of annuity that you can buy, each designed to suit different personal circumstances. If you plan to buy an annuity, you should consider the following questions: Are you married or do you have a partner or another dependant? Will they need an income if you die first? If so, you should consider a joint-life annuity, which continues to pay an income for both of your lives. Do you smoke? Are you on any medication or do you have a medical condition? If so, you may be eligible for an enhanced annuity, which could pay you a much higher level of income. Do you want your income to increase over time to help keep up with inflation? If so, you should think about an escalating annuity, which starts lower but increases over time, or adjusts to rise in line with inflation. There is a free online annuity planner at which can help you answer these and other questions about which type of annuity is right for you.
3 Taking limited income directly from your pension fund Capped drawdown You can stop contributing to your pension fund and take some of your pension fund immediately as a tax-free pension commencement lump sum, then use the remainder to create a drawdown fund. The amount you can take as a tax-free lump sum depends on the remaining value of your lump sum entitlement, but is typically 25%. With a drawdown fund, your pension fund remains invested but you can take income directly from it. There are limits to the amount of income you can take each year. If you would like further information about capped drawdown please contact us. Taking unlimited income directly from your pension fund Flexible drawdown Flexible drawdown offers the same benefits as capped drawdown except that there are no limits to the income you can take each year. However flexible drawdown is subject to the following conditions: You must provide signed confirmation that you have at least 20,000 of guaranteed income from a secured pension elsewhere You cannot enter flexible drawdown in a tax year in which you have made contributions to a pension scheme If you choose flexible drawdown you must not make contributions to any pension schemes If you would like further information about flexible drawdown please contact us. You should speak to a financial adviser if you are thinking about choosing a drawdown product. Taking part of your benefits and delaying taking the remainder Phased retirement As an alternative to taking all your benefits in one go, you may decide to take benefits from only a part of your pension and delay taking benefits from the remainder. If you do so you can continue to make contributions to the part of your pension from which you haven t taken benefits. Your SIPP was originally established as a fund containing 1,000 units and you can decide to take benefits from any number of these units at any time from age 55. You can use any of the methods listed above to take benefits from this portion of your fund.
4 Taking smaller pension pots as a lump sum If the total value of all your pension savings is less than a value set by the government ( 18,000 in tax years 2012/13 and 2013/14), you may be able to take it all as a cash lump sum. If you wish to do this, you have to take all payments from all your pots within a 12 month period. If up to two of your pots is each less than a value set by the government ( 2,000 in tax years 2012/13 and 2013/14), you may also be able to cash each of them in, regardless of any other pension savings you have. If you think you might like to do this, please ask us for further details. What happens next? If you do wish to take your benefits, this is what will happen: You will need to decide how much of your pension you wish to take benefits from, decide whether you wish to take any available tax-free lump sum and choose the method you would like to use to receive benefits. For example, you might decide to take benefits from half of your pension fund, receive a taxfree pension commencement lump sum, and use the remainder to purchase an annuity. When making these decisions, you or your adviser can obtain details of the products and rates available, by contacting annuity providers directly. Once you have made your decision, you can contact us at any time and we will provide you with the forms that you will need to complete in order for you to take benefits using your chosen method. You may need to arrange the sale of some or all of the investments held in your SIPP so that there is sufficient cash to pay your tax-free lump sum and pension income to you. You may wish to consider selling these assets now, as the sale of some types of investment can take a long time, which could significantly delay the payment of benefits to you. Once you have completed and returned the forms required to take benefits by the method you have chosen, and sufficient cash has been made available to pay benefits to you, we will complete a valuation of your plan. This valuation can take between 5 and 10 working days to complete. Provided there are no other outstanding requirements, we aim to complete the payment of benefits to you within 3 working days of the valuation being completed. The lifetime allowance Whichever option you choose, your pension fund will be tested against your remaining lifetime allowance. In the 2013 tax year the standard lifetime allowance is 1,500,000. We strongly recommend that you take financial advice if your total pension savings exceed or are close to this amount.
5 A complete table of the lifetime allowances that have been announced by the treasury office and the tax years in which they apply is available from our website at the following address: Your lifetime allowance may be higher than this, if you have protection or some other enhancement. If your pension fund is in excess of your remaining lifetime allowance we are required to apply the lifetime allowance charge to your pension fund. If you have applied for transitional protection, please provide us with an original copy of your protection certificate.
25 Must Ask Annuity Questions
25 Must Ask Annuity Questions When Can I Buy An Annuity? Who Is The Best Annuity Provider? Why Do I Need Advice? 1. What is an Annuity? If you have a private pension when you retire you can purchase an
More informationTelegraph Investor SIPP Payment of Benefits Guidance Notes
Under the HMRC pension legislation you can take your benefits from age 55, or younger on ill health grounds (see section below). Please note that you do not have to leave employment to draw your benefits
More informationBasic Guide to Retirement Income Options
Basic Guide to Retirement Income Options Can I afford to retire? Which retirement income solution is best for me? Should I take all my tax-free cash entitlement? Will my family benefit from my pension
More informationPension benefits with a guarantee and the advice requirement
Pension benefits with a guarantee and the advice requirement January 2016 This factsheet is intended to help pension scheme providers determine: whether certain types of pension benefits which contain
More informationSIPP Key Facts. This is an important document which you should keep.
SIPP Key Facts! This is an important document which you should keep. 2 Key Facts of the Alliance Trust Savings SIPP The Financial Conduct Authority is the independent financial services regulator. It requires
More informationLet s talk pension flexibility The current position
Let s talk pension flexibility The current position 1 Let s talk pension flexibility the current position Change is coming. Budget 2014 heralded a shake-up of the pension system that will change how we
More informationPension benefits guide How you can use your pension pot to suit your needs
Pension benefits guide How you can use your pension pot to suit your needs axawealth.co.uk With the flexibility you have to take benefits through your pension, it can be difficult to know what s best for
More informationWHAT IS CHANGING? 1 JULY 2014 27 MARCH 2014 APRIL 2015
BUDGET 2014 PENSIONS AND SAVINGS RULES Our simple Q&A looks at the changes happening in the pensions and savings industry and how you may be affected. THE 2014 BUDGET STATEMENT ANNOUNCED SOME SIGNIFICANT
More informationFinancial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning
& Guidance TA Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would I need to use a Financial Broker? 03 What is an annuity? 05 A Guide to Annuities
More informationA GUIDE TO FINANCIAL GUIDE. New Pensions Freedom GIVING PEOPLE MORE CONFIDENCE TO SAVE INTO A PENSION
FINANCIAL GUIDE A GUIDE TO New Pensions Freedom GIVING PEOPLE MORE CONFIDENCE TO SAVE INTO A PENSION WELCOME Giving people more confidence to save into a pension Welcome to our Guide to New Pensions Freedom.
More informationYour options at retirement
Your options at retirement How you can take your pension with us B&CE pension schemes include: The People s Pension EasyBuild Stakeholder Pension & EasyBuild S2P TUTMAN B&CE Contracted-out Pension Scheme
More informationKEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read
KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR.
More informationFinancial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning
& Guidance TA Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would I need to use a Financial Broker? 03 What is an annuity? 05 A Guide to Annuities
More informationSIPP ISA Dealing Junior ISA SIPP benefi ts guide
SIPP ISA Dealing Junior ISA SIPP benefits guide Contents Introduction SIPP benefits - the basics Annuity, income drawdown and taxable lump sums the commitments and risks 3 Your benefits options Lump sums
More informationA clear guide to your retirement options. We ll help you get there
A clear guide to your retirement options investments pensions PROTECTION We ll help you get there Contents If you are retiring soon 3 Things to consider 4 Your options at a glance 6 Tax-free lump sums
More informationPensions Tax Reliefs. 03333 219 000 advice@bishopfleming.co.uk. www.bishopfleming.co.uk
Pensions Tax Reliefs Types of pension schemes There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension: Workplace pension schemes Personal Pension
More informationGUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement
GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and
More informationSELECT SIPP. Taking pension benefits guide
SELECT SIPP Taking pension benefits guide Please read this guide in conjunction with the Alliance Trust Savings Handbook and the appropriate Key Features documents. Alliance Trust Savings does not give
More informationConventional Lifetime Annuity Options Your Questions Answered
Conventional Lifetime Annuity Options Your Questions Answered 0800 014 7470 0333 014 6267 am-5.30pm weekdays. Calls may be recorded for training and monitoring purposes. www.425fs.co.uk Contents 1. Introduction
More informationSIPP benefit form income drawdown and lump sum payments
SIPP ISA Dealing Junior ISA SIPP benefit form income drawdown and lump sum payments Please complete this form if you want to access your pension and take income as lump sums or income drawdown. If you
More informationAIB Retirement Options. Helping you make the right retirement choice. These products are provided by Irish Life Assurance plc.
AIB Retirement Options Helping you make the right choice These products are provided by Irish Life Assurance plc. Getting the most out of your You have worked hard to save for your. Deciding what to do
More informationAccessing your Additional Voluntary Contribution (AVC)
Accessing your Additional Voluntary Contribution (AVC) Accessing your AVC savings Now is the time to start making decisions about your retirement and your future. One of the most important things to think
More informationConventional Lifetime Annuity Options Your Questions Answered
Conventional Lifetime Annuity Options Your Questions Answered 0845 077 7077 (8.30am-6pm weekdays) Calls may be recorded for training and monitoring purposes. www.425fs.co.uk Contents 1. Introduction to
More informationYour choices at retirement and the Open Market Option (OMO)
CLIENT FACTSHEET Your choices at retirement and the Open Market Option (OMO) This fact sheet focuses on how you can use your SIPP fund to buy an annuity in the open market to provide an income in retirement
More informationBENEFITS. The remainder of your fund is used to provide a pension, in one of 2 ways:
BENEFITS Online links to further information are shown in underlined text below. Contents 1. Your own benefits 2. Benefits on death 3. Issues to consider 4. Other points These notes outline the benefits
More informationRETIREMENT FUND MEMBER INFORMATION
RETIREMENT FUND MEMBER INFORMATION OPTIONS ON RESIGNATION, RETRENCHMENT OR DISMISSAL If you resign, or are retrenched or dismissed, your membership of your retirement fund will come to an end. The fund
More informationUseful information about your retirement options
Your Options at Retirement Useful information about your retirement options It s important that you read and understand this brochure as it explains: Annuities and how they work Using the Open Market Option
More informationBenefits guide for the AJ Bell Investcentre SIPP
SIPP ISA GIA Benefits guide for the AJ Bell Investcentre SIPP SIPP ISA GIA Contents Introduction 3 SIPP benefits - the basics 3 Annuity, income drawdown and taxable lump sums - the commitments and risks
More informationOur Guide to the 2015 Pension Reforms
Our Guide to the 2015 Pension Reforms The overhaul of the pension system will significantly impact your retirement planning, opening up a whole new world of flexibility over how you spend, save and invest
More informationPENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED.
PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. Following Government changes effective on 6 April 2015, there are different ways for anyone over 55 to access their defined contribution pension pots
More informationGuide to Annuity Purchase
Fiducia Wealth Management Limited Guide to Annuity Purchase September 2012 For Professional Advisers Only Fiducia Wealth Management Ltd. Dedham Hall Business Centre, Brook Street, Colchester, Essex, CO7
More informationYour pension: it s time to choose
Your pension: it s time to choose Thinking about retiring Deciding how to take your retirement income Shopping around for the best income The Money Advice Service is independent and set up by government
More informationA Guide to Retirement Options. Contents
A Guide to Retirement Options Contents 2. Quick Guide 5. Lifetime Annuities (Secured Pension) 6. Single Life and Joint Life Annuities 6. Level and Escalating Lifetime Annuities 6. Impaired Life and Enhanced
More informationImportant document please read. Wesleyan SIPP (Self-Invested Personal Pension)
Important document please read Wesleyan SIPP (Self-Invested Personal Pension) Key features of the Wesleyan SIPP (Self-Invested Personal Pension) The Financial Services Authority is the independent financial
More informationContents: What is an Annuity?
Contents: What is an Annuity? When might I need an annuity policy? Types of annuities Pension annuities Annuity income options Enhanced and Lifestyle annuities Impaired Life annuities Annuity rates FAQs
More informationStandard Life Active Retirement For accessing your pension money
Standard Life Active Retirement For accessing your pension money Standard Life Active Retirement our ready-made investment solution that allows you to access your pension savings while still giving your
More informationPASSING ON YOUR PENSION. A guide to death benefits from income drawdown. Retirement Solutions
PASSING ON YOUR PENSION A guide to death benefits from income drawdown Retirement Solutions It s now easier than ever to pass any remaining money in your pension to the people you love when you die. New
More informationPensions Tax Reliefs
Our Vision Pensions Tax Reliefs To become the Best Provider of Solutions for Businesses in Coventry & Warwickshire Types of pension schemes There are two broad types of pension schemes from which an individual
More informationPensions - Tax Reliefs
Pensions - Tax Reliefs Types of pension schemes There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension: Occupational schemes Personal Pension schemes.
More informationKey Features of the Just Retirement. Key Features of the Just Retirement Fixed Term Annuity
Key Features of the Just Retirement Fixed Term Annuity This brochure outlines the key features of the Just Retirement Fixed Term Annuity. The Financial Conduct Authority is a financial services regulator.
More informationKEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY.
PENSION ANNUITIES KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY. HELPING YOU MAKE THE RIGHT DECISIONS FOR YOUR FUTURE This is an important document that you should keep in a safe place. 02 KEY FEATURES
More informationPension Flexibility 2015
Pension Flexibility 2015 Who is likely to be affected? Individuals who have reached the normal minimum pension age, (normally age 55), who have money purchase pension savings in a registered pension scheme
More informationWith new options available from April 2015, we can help you plan your finances for a worry-free retirement
Your retirement With new options available from April 2015, we can help you plan your finances for a worry-free retirement Life is full of financial decisions and planning your retirement is one of the
More informationYour Guide to Pension Freedom
Your Guide to Pension Freedom 3 From April 2015, individuals will have more freedom to access their pensions. These changes mark a radical departure from the existing system, by giving you greater choice
More informationSIPP benefit form drawdown and lump sum payments
Stockbrokers SIPP benefit form drawdown and lump sum payments Please complete this form if you want to access your pension and take benefits as a lump sum or income drawdown. If you want to take an annuity
More informationContents. Aims, commitments and risks. Questions and answers. Contributions. Transfers. Investments
SIPP ISA Dealing Junior ISA SIPP key features The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell Management Limited, to give you this important information
More informationKEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read
KEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE YOU
More informationSelf Invested Personal Pensions (SIPPs)
1 Self Invested Personal Pensions (SIPPs) listening, understanding, advising Why SIPPs? A Self Invested Personal Pension (SIPP) is a pension scheme that enables you to have a great degree of control over
More informationKEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY.
PENSION ANNUITIES KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY. HELPING YOU MAKE THE RIGHT DECISIONS FOR YOUR FUTURE This is an important document that you should keep in a safe place. 02 KEY FEATURES
More informationNo selling. No jargon.
January 2008 Our guides here to help you About the Financial Services Authority. Everyday money. Saving and investing. Pensions and retirement. If things go wrong. Buying a home. Available from our Consumer
More informationGUIDE TO ANNUITIES. This guide is designed to provide you with the basic information you need to start thinking about your retirement opportunities.
GUIDE TO ANNUITIES It takes many years of planning, saving and sacrifice to build up a significant pension and, after all those years, you want to be sure you are making the most of it. This guide is designed
More informationHalifax Share Dealing SIPP
Halifax Share Dealing SIPP Benefit form - income drawdown and lump sum payments Please complete this form if you want to access your pension and take benefits as a lump sum or income drawdown. If you want
More informationKey Features Document
Keyfacts Key Features Document Transact Section 32 Buy Out Bond IntegraLife UK Limited A firm authorised and by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and
More informationApril 2015: Forthcoming Pension Changes. Retirement options for money purchase pension schemes (including SSAS).
April 2015: Forthcoming Pension Changes Significant changes to pension regulations are being introduced on the 6 th April 2015. The legislation will be covered in the Taxation of Pensions Bill 2014 and
More informationPreparing for 6 April 2015 Are you ready for Question Time?
Are you ready for Question Time? Background The new flexible pension regime will come into effect on 6 April 2015 There is already extensive press coverage of the changes In understanding the changes it
More informationSIPP Flexi Access Drawdown Form
SIPP Flexi Access Drawdown Form FLEXI-ACCESS DRAWDOWN FORM Please complete this form if you wish to draw Pension Commencement Lump Sum and access your benefits via Flexi-Access Drawdown. Please complete
More informationKEY GUIDE. Pensions freedom drawing from your pension
KEY GUIDE Pensions freedom drawing from your pension Radical reform The changes revealed in the 2014 Budget were described by some retirement planning experts as a pensions revolution. The radical proposals
More informationBuying a pension annuity
Buying a pension annuity Why do I need to think about buying a pension annuity? When you come to retire, you will have some important decisions to make. Probably most important of all is how you will generate
More informationInformation about tax relief, limits and your pension
Information about tax relief, limits and your pension Published: August 2015 Laws and tax rules have changed in 2015. The information here is based on our understanding in August 2015. Your personal circumstances
More informationREMOVING THE REQUIREMENT TO ANNUITISE BY AGE 75
PENSIONS PROFILE MARCH 2011 REMOVING THE REQUIREMENT TO ANNUITISE BY AGE 75 Summary From 6 April 2011, the requirement to buy an annuity by age 75 will be removed. Alternatively Secured Pensions (ASPs)
More informationThe Retirement Account
The Retirement Account Key Features This is an important document and you should read it before deciding whether to buy your Retirement Account from us Purpose of this document This Key Features booklet
More informationOur guide to. buying an annuity
Our guide to buying an annuity 2 Our guide to buying an annuity Contents Introduction 3 Pension reforms Thinking about retirement 3 Money and budgeting How can we help? Your retirement timeline Key questions
More informationKey Features of the Prudential Personal Pension Scheme
Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,
More informationA guide to your new Prudential Annuity
A guide to your new Prudential Annuity > Thank you for choosing Prudential to provide your pension annuity. You might be receiving your pension directly from us or we are paying it on behalf of your pension
More informationActive Money Personal Pension Key Features
Active Money Personal Pension Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.
More informationGuide to Pension Annuities
Guide to Pension Annuities Having successfully built up a pension fund during your working life, there will come a time when you will need to make some important decisions about how to use this fund. These
More informationTHE SIT SIPP. Self Invested Personal Pension. Benefit Form drawdown and lump sum payments
THE SIT SIPP Self Invested Personal Pension Benefit Form drawdown and lump sum payments The SIT SIPP Benefit Form - drawdown and lump sum payments Please complete this form if you want to access your pension
More informationKey Features of the NHS Additional Voluntary Contributions (AVC) Scheme
Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential,
More informationYOUR GUIDE TO RETIREMENT
YOUR GUIDE TO RETIREMENT www.phoenixlife.co.uk CONTENTS Page Purpose of this guide 3 Your pension options - Buying your pension income (annuity) from us 4 Your pension options - Buying your pension income
More informationGuide to Retirement Planning 2014/15
Guide to Retirement Planning 2014/15 Retirement isn t what it used to be. In many ways it is better: people are living longer and enjoying healthier and more active retirement years. On the financial side,
More informationNEW PENSION FLEXIBILITY WHAT S CHANGING AND WHAT DO I NEED TO DO? Benefits arising from the Lloyds Bank Offshore Pension Scheme; or
NEW PENSION FLEXIBILITY WHAT S CHANGING AND WHAT DO I NEED TO DO? These changes do not affect: Benefits arising from the Lloyds Bank Offshore Pension Scheme; or Benefits that have been built up in Your
More informationYour retirement income. Exploring your options
Your retirement income Exploring your options Contents 02 What do you want to do with your pension fund? 07 A regular retirement income for the rest of your life 10 A flexible income from a Self Invested
More informationThe Personal Range Key Features of the Individual Personal Pension Transfer Value Account
The Personal Range Key Features of the Individual Personal Pension Transfer Value Account Reference MPEN11/F 07.15 The Financial Conduct Authority is a financial services regulator. It requires us, Friends
More informationSIPP benefit form drawdown and lump sum payments
TD Direct Investing SIPP benefit form drawdown and lump sum payments SIPP benefit form drawdown and lump sum payments Please complete this form if you want to access your pension and take benefits as a
More informationBenefi t Form Income Drawdown and Lump Sum Payments. IWeb Share Dealing Self Invested Personal Pension
Benefi t Form Income Drawdown and Lump Sum Payments IWeb Share Dealing Self Invested Personal Pension Benefi t Form Important tes Please complete this form if you want to access your pension and take benefits
More informationA guide to the pension changes in April 2015
A guide to the pension changes in April 2015 106027837.indd 1 05/01/2015 10:00 Contents What do the changes mean for you? 3 Summary of the changes from 6 April 2015 5 What s changed in practice? 6 How
More informationGroup Flexible Retirement Plan Key features
Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. Key features document: Pages 1 21 Terms and conditions for joining: Pages 22
More informationKEY GUIDE. Pensions and tax planning for high earners
KEY GUIDE Pensions and tax planning for high earners The rising tax burden on income If you find more and more of your income is taxed at over the basic rate, you are not alone. The point at which you
More informationGuide to transfers. A basic information guide to UK pension transfers
A basic information guide to UK pension transfers Contents Guide to UK pension transfers 3 What the guide covers 3 What is a pension transfer? 3 Why is advice important? 3 What you should discuss with
More informationKey Features of the ReAssure Level Lifetime Annuity
Key Features of the ReAssure Level Lifetime Annuity The Financial Conduct Authority (FCA) is a financial services regulator. It requires us, ReAssure, to give you this important information to help you
More informationKey Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents
Pension Annuity Key Features This brochure outlines the key features of the Just Retirement Pension Annuity. The Financial Conduct Authority is a financial services regulator. It requires us, Just Retirement,
More informationREVIEW OF CARE PRODUCTS KEY MESSAGES ANNEX PACK
REVIEW OF CARE PRODUCTS KEY MESSAGES ANNEX PACK Annex A Consumers and Marketplace Working Group Age Segmentation The public information initiative should have an overarching message focussed on planning
More informationWelplan Pensions. Flexibility for members from 6 April 2016. Spotlight on flexibility:
Welplan Pensions Flexibility for members from 6 April 2016 Spotlight on flexibility: Pension freedom is great news for members Changes in the law mean that from 6 April 2015 many members of pension schemes
More informationGroup Additional Voluntary Contributions Plan Key features
Group Additional Voluntary Contributions Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.
More informationCollective Retirement Account
Key features of the Collective Retirement Account The Financial Conduct Authority is a financial services regulator. It requires us, Old Mutual Wealth, to give you this important information to help you
More informationKey features. For customers One Retirement
For customers One Retirement Key features Contents Its aims 02 Your commitment 02 Risks 03 Questions and answers 04 Secure retirement income (SRI) 08 Other information 11 How to contact us 12 The Financial
More informationSelf Invested Personal Pension. Benefit Form Uncrystallised Funds Pension Lump Sum (UFPLS)
Self Invested Personal Pension Benefit Form Uncrystallised Funds Pension Lump Sum (UFPLS) Important notes Taking benefi ts from your pension is an important decision. We recommend that you take advice
More informationretirement planning the retirement you want Heineken UK Flexible Retirement Plan
my retirement planning the retirement you want Heineken UK Flexible Retirement Plan Contents Get an overview of the Heineken UK Flexible Retirement Plan What is the Flexible Retirement Plan? 4 Your benefits
More informationMaking the right pension transfer decision
Making the right pension transfer decision Clearing away confusion between QROPS, SIPPs, and QNUPS Over 30 years experience providing independent pension advice to expatriates and people working abroad
More informationA guide for customers
Pension Annuity A guide for customers Guaranteed income for life Pension Annuity If you re thinking... I want a secure income that is guaranteed to be paid for life, and I m not in the best of health.
More informationThe Retirement Account. Certainty, flexibility and simplicity for life
Certainty, flexibility and simplicity for life Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a well-established company that can trace our roots back over 150
More informationRetirement Account Plan Key features
Retirement Account Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationKey Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents
Pension Annuity Key Features This brochure outlines the key features of the Just Retirement Pension Annuity. The Financial Conduct Authority is a financial services regulator. It requires us, Just Retirement,
More informationRetirement planning with Group Superannuation. ICICI Prudential Group Superannuation Plan. Eligibility. Superannuation Benefits payable
Retirement planning with Group Superannuation After a valuable professional career with an organization, employees require the security of a regular income flow when they retire. Organizations help employees
More informationAdditional Pension April 2011
Additional Pension April 2011 Additional pension is a pension you can receive as well as your standard benefits from the Teachers Pension Scheme (TPS). Teachers Pensions cannot provide financial advice.
More informationpartnership pension account A guide to available benefits
partnership pension account A guide to available benefits Contents partnership pension account 3 Paying into your pension 4 Choosing your pension fund 8 How to open a partnership pension account 13 Leaving
More informationPLANNING THE RETIREMENT YOU WANT
PLANNING THE RETIREMENT YOU WANT Charlotte Supply Chain Graduate HEINEKEN UK Flexible Retirement Plan Contents A reminder of... How the Flexible Retirement Plan works 4 The benefits 6 Consider what you
More informationPlanning a prosperous retirement
Planning a prosperous retirement Towry s Guide to Retirement Planning About Towry We are one of the UK s leading Wealth Advisers and specialise in providing high quality, expert financial advice to private
More informationTAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions
TAKING CONTROL OF YOUR PENSION PLAN If you add together all the money you have in pension arrangements, the total may well dwarf every other investment you ever make. Despite this, many people are happy
More information