Retirement Planning - What are my options at Retirement?
Are you ready to retire? Will I have enough money in retirement? What is the basic state pension? What are my pension options? What is my state pension age? Can I switch my current pension to a better provider? what is my pension going to be worth? What is an open market option? What is an annuity?
These are all common questions that are asked in regards to pensions. Retirement planning is still unfortunately one of the most complex areas of finance.
The fact that the state pension age is increasing, the government is likely to alter this further as the pension liability meets epidemic proportions, mixed with the fact, employers have to provide pensions for employees under new Auto-enrolment duties, means that planning and Independent Financial Advice is imperative.
Personal Pension are often the source of most confusion when it comes to taking the benefits. It is now encouraged that you use the open market open and contact an independent financial adviser to find the provider that will get you the best deal.
At retirement there is a choice of an annuity, Drawing down on your pension or choosing a hybrid of both.
At Invest Southwest we using the latest technology and research tools to evaluate your pension options to ensure you receive quality advice in regards to your retirement planning.
Invest southwest are an award winning Independent Financial Advisers offering a free initial consultation.
Invest Southwest are regulated by the Financial Conduct Authority 469547.