Make sure you make the most of it.

 

As you look towards retirement, you spend a lot of time thinking about what you can do with your days. This is the time when you finally get to please yourself – work part time, take on a personal project, tour the world or, without any guilt, simply do absolutely nothing. It’s taken you a lifetime to get here so a bit of retirement planning is a very good thing.

 

Part of these thoughts will involve your finances, particularly any pension you have built up. It has no doubt involved sacrifices to maximise its value and the decisions you make now you will live with, literally, for the rest of your life. It therefore deserves some serious thought.

 

Divest, defer, divide or drawdown?

 

You may not realise but there are now many options which the right plan at retirement can offer. Of course you can take your pension income now – and a search though the annuity providers for the best rate and terms to maximise your return – but it is not the only pension income option. If you are continuing to work, want to reduce your hours over time, or simply have enough money to see you through a couple of years, then phased retirement, drawdown (an unsecured pension) or short term deferral may be more appropriate.

 

The best option for you

 

Our retirement review service can help you to make the right choice – and maximise the pension income available, whichever option you choose. We take a detailed look at what pension plans you have, what your retirement plans are and what can be done – and then seek out the best retirement income solutions for you.

 

If you would like more information, call our office and we can discuss the financial benefits and outline the retirement process in more detail. It won’t take long – but could end up saving you thousands of pounds.