Pensions
The quality professional guidance we will give you helps you through this process. This means we can make sure that our solutions are right for you and that you have all the information you need to make a clear decision.
The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
Your Choice, Your Freedom, Your decision
Retirement freedoms can help you plan and construct your retirement income but only with the right preparation and advice
Getting ready for retirement
What happens in the event of your death
If you die before you reach age 75
There are three choices each receiving different tax treatment:
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Pay the remaining fund as a tax-free lump sum to anyone you choose.
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Use the remaining fund to create a flexi-access drawdown for any beneficiary. This will pay a tax-free income for the life of the beneficiary.
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Use the remaining fund to buy an annuity for your spouse or other financial dependant. The payments will form part of the beneficiary’s taxable income.
If you die after you reach age 75
Again there are three choice each receiving different tax treatment:
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Pay the remaining fund as a lump sum to anyone you choose. The payments will form part of the beneficiary’s taxable income.
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Use the remaining fun to create a flexi-access drawdown for any beneficiary. The payments will form part of the beneficiary’s taxable income.
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Use the remaining fund to buy an annuity for your spouse or other financial dependent. The payments will form part of the beneficiary’s taxable income.
Speak with one of our Pension and Retirement Advisers …
Call us on +44 7932 266 717
or leave your details and our team will be in touch…