Ensure your retirement strategy meets your needs and goals
|Provides guaranteed income for life and cannot be affected by market fluctuations.||If you pass away shortly after taking one, you won’t benefit from the full value you paid upfront.|
|Some policies guarantee indexation meaning the pension will rise with inflation over time.||Rates tend to be lower when interest rates fall, so you may get less than you had hoped for when taking your pension.|
|Offers more flexibility and money can be taken when it is needed.||Markets can potentially be volatile and there may be no guaranteed income from investments.|
|Any money left in the drawdown pot will not be liable for Inheritance Tax.||If too much is taken out of your drawdown pot, then you could face hefty tax bills.|
Retirement planning services
It’s important that professional advice is taken before deciding upon a retirement strategy. The right strategy should be tailored to the individual’s needs and circumstances.