Taking benefits from an arrangement

Benefits can be taken as lump sums and annuities, or as pension drawdown, athough the exact make-up of the way you choose to take benefits is quite flexible, so most people should be able to arrange them to suit their particular needs.

Pension changes 

Since April 2015, retirees have had greater freedom to choose how they access their pension savings. This includes being able to take lump sums without incurring a 55% tax charge on withdrawals above the 25% tax-free limit. Instead, withdrawals will be taxed at the person's marginal rate of income tax.

This is an area where it is essential that you discuss the options with your financial adviser several years before you expect to retire, or semi-retire. Planning in advance gives maximum flexibility.

This section of our site contains guides and calculators to help you think about your financial planning needs.

They are aimed at both business owners, who may also be employers, and private individuals with wealth management goals.

Why are you looking for financial advice? Choose from the menu links below.

get in touch with us

If you would like to find out how we can help you, please call us or send an email. We’d be delighted to arrange a no obligation meeting with you.

call us

email us