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Don't get caught out by pension scams - read our short post and if you don't talk to us make sure you speak to a Regulated Independent Financial Adviser.
Clifford Osborne Limited is Financial Conduct Authority Authorised and Regulated to give investment advice that is unbiased, comprehensive and in a client's best interest.
Pension Annuity Advice from IFA in East Sussex
Taking the Open Market Option
As you are about to retire it is vital you not only get the maximum income from your pension, but also that you are advised as to which product is the most suitable for you. Shopping around via the open market option for an annuity can increase your retirement income by as much as 30%. To arrange a free initial discussion at your home, workplace or our offices contact us today.
Standard annuities are based on average life expectancy, currently 84 for men and 86 for women. But, not everyone lives this long, so some providers offer enhanced annuities to people in poor health or with lifestyle conditions that mean they might die earlier. They’re worth considering if you’ve been ill or are a smoker as this too you can increase your annuity income.
Buying an annuity is a way of turning all your pension savings into an income that will last you the rest of your life. From April 2015, you’ve been able to withdraw as much of the money as you want when you reach 55, although it will be taxable as income.
Arranging an annuity is a complicated process, so it’s important to know what you need to do at each stage. And it’s vital that you shop around to get the best annuity rate, as you could miss out on a boost to your income if you fail to do so.
What is an Annuity?
The annuity company will pay you an income for the rest of your life, however long that may be. When they work out how much to pay you, they take into account factors like your age, lifestyle, current and previous medical conditions, state of health and the area demographic of your home.
Buying an annuity is a big decision, so seeking help from an independent financial adviser is essential and not as expensive as you may have been led to believe.
We will research the annuity market for you, and make a recommendation based on your personal needs and objectives. In addition, we will contact your current pension provider for all your policy information, to help you make an informed decision and if you proceed with our recommendation, we’ll ensure that your funds are transferred safely and quickly.
Clifford Osborne are Independent Financial Advisors based in Eastbourne, East Sussex offering Pension Annuity advice. We serve clients in Lewes, Seaford, Bexhill, Hastings, Newhaven, Tunbridge Wells, Brighton, Crowborough & Uckfield. We offer pension advice on pension income options, pension drawdown and more.
The value of investments can fall as well as rise and you may get back less than you invest.
Paul explained lots of options that were open to us and when we asked him he prompted us towards certain products. This was taking into account our requests and the feedback we had previously given.
I grasped the general idea of what we were being told but was a bit overwhelmed by the amount options. Paul was very patient and went over everything as often as we needed.Anonymous
We are not tied to any financial institution and therefore offer you truly independent advice. A free, initial no obligation review meeting can take place at our offices in Eastbourne East Sussex, at your workplace or in the comfort of your home.
If you are considering taking independent financial advice we would love to talk to you. Call us without obligation or complete the enquiry form and we’ll contact you as soon as we can.
We are happy to serve clients with any level of wealth.
Call 01323 403 444 or use our secure form via the button below: