Approaching retirement

 
 

Retirement – what to think about and when

Retirement is a long term plan. A bit of forward thinking, regular reviews – and taking action when you need to – could help you keep your retirement plans on track.

 
 

Budgeting for retirement

A big part of planning for retirement is making sure you can afford the lifestyle you want.

 
 

Reducing your retirement risk

As you approach retirement, you may want to think about preparing your pension savings for retirement.

 
 

Increasing your retirement income

Who wouldn’t like a little more income when they retire? Find out about the options that may be available to help boost your pension.

 
 

Tax in retirement

Ready to access your pension savings? Let’s make sure you don’t end up paying more tax than you need to.

 
 

Let’s compare your pension options

There’s a lot to consider when your looking at your options.

 
 

Flexible income

Flexible income, or drawdown, gives you the freedom to choose your own level of income and the flexibility to suit your personal needs.

 
 

Fixed income

Fixed income, or an annuity, is a guaranteed income for life. It’s easy to set up with no fuss after that.

 
 

Take cash from your pension

Withdraw cash lump sums from your pension whenever you like. The first 25% is normally tax-free.

 
 

Why leave it for now?

You don’t have to take money out of your pension straight away. You could benefit from leaving your money where it is.