Don't get stung
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 Income Advice and Retirement Options
When you work with an IFA on your pension, the first crucial step is to set a pension-income goal. As independent financial advisors and pension specialists, based in Eastbourne, East Sussex, we help you with pension income advice as part of your retirement pension planning process.
As well as Eastbourne, we meet clients across the Hastings, Uckfield, Seaford, Crowborough, Newhaven, Lewes, Bexhill, Tunbridge Wells, Brighton and Hove areas. As a result of recommendations from current clients we are providing pension income advice well beyond the East Sussex borders too. To arrange a free initial discussion at your home, workplace or our offices contact us today.
Your pension income goal gives you something to work towards and helps you work out how much you’ll need to live comfortably.
Many people believe that when they stop working they have to start a lifetime annuity or a guaranteed pension income for life. However, this is no longer the case, as there are many options available and various factors to consider when making this important decision.
We offer independent pension income advice on:
- Pension Income Drawdown
- Pension Freedom
- Income Withdrawal
- Capped Drawdown
- Phased Drawdown
- Flexible Drawdown
- Lifetime Annuity (Open Market Option)
- Enhanced Annuity
- Impaired Life Annuity (Care Fees Annuity)
- Value Protected Annuity
- Investment Backed Annuity
- With Profits Annuity
- Fixed Term Annuity
- Shore Term Annuity
|Under age 55||Age 55 or older|
|you can’t release or cash in your pension (unless you’re too ill to work)||You can use your pension pot to buy a fixed secure regular lifetime income for the rest of your life (annuity purchase)|
|You can transfer your pension from one regulated scheme to another||You can use your pension to provide flexible retirement income (flexi access drawdown)|
|You can take your pension as cash in stages (uncrystalised pension fund lump sum) UPFLS|
|You can take the whole pot in cash at one go|
There may be tax implications for how you access your savings.
There are many factors to consider and if you like the appeal of more than one option, there is no reason not to split your pension fund between the options.
With so many people living well into their eighties and beyond, you can be retired for a generation or more. Therefore, you may not wish to lock in to an income for life from the outset and delay making a final decision. You may simply want to access your tax-free cash and not take any form of income at the outset and want to leave your funds invested.
As pension income specialists in East Sussex and beyond, we will help you to have a good understanding of the tax treatment and various options regarding death and spouses benefits. This is vital if you are considering entering retirement any time soon. The decisions you have to make can be confusing and making the wrong decision could be costly and irreversible.
The price of units and the income from them can fall as well as rise. The value of this investment is not guaranteed and on encashment you may not get back the full amount invested. Past performance is no guarantee to future performance.
I have always felt confident in Paul identifying the best product for my needs. He takes into consideration all factors and talks in clear language as to what options are available so that I can make an informed decision and feel that it is the right decision for me.Samantha
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: