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

Approaching 55 or about to retire?

Under age 55*

  • 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*green tickYou 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, Hove, East Sussex

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.

Pension Monster

Enter some basic information and Pension Monster will create your tailored report which will show you some popular retirement options, and some product solutions. You can print off your report or email it to us when you are ready to get some advice. What’s more – It’s free to use.

Your Advice Steps

01 ➔

Contact Us

Call us on 01323 403 444 or contact us to set up a free initial meeting with one of our financial advisers or mortgage and equity release advisers. We’re happy to meet in person, on the phone or online. Just let us know what you prefer.

02 ➔

Get to know you

This will be a chat to find out a bit more about you, what your financial position and goals are and how we can help. This will be entirely confidential, and you are under no obligation to use our services. We will then give you a plan of what we can do to help.

03 ➔

Sharing your plan

Our advisers will talk through our recommended plan with you giving options to best meet your needs. We will take into account your current financial situation, your goals, appetite to investment risk and timeframes. You will have a chance to ask us any questions and then decide whether you want to go ahead.

04 ➔

Regular reviews

Your financial position will change throughout your lifetime. We are here to help you with regular reviews to make sure your financial plan meets your financial goals and current financial situation. We’ll agree with you when and how we meet on a regular basis to make sure your management plan is right for you.

Sign up to our Newsletter

Sign up to our email newsletter to receive financial news and updates from our team every two months.

Please check your inbox (and spam folder), to confirm your subscription.

View our Privacy Policy

    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.