Advice on Retirement

There are now more ways than ever to draw your pension benefits, but choosing the right method is still as important as it’s always been.  Here at Hopwood Ash, we can provide you with the advice and support you need to make the right choices about your retirement. And we’ll talk you through your options every step of the way.

As you approach retirement, the options available to you will include:

• The purchase of an Annuity including variable annuities
• Income Drawdown including Phased Income Drawdown
• Scheme Pensions

Alternative Retirement Options

Depending upon your circumstances, you might want to think about some different retirement options.

• Phased Retirement
• Short-term annuities
• Alternatively secured pension
• Hybrid products

These products vary in what they are called, the guarantees they offer and the charges they make to cover the cost of the guarantees.  You generally have to give up some investment growth potential to pay for guarantees.

All these options involve extra costs and extra investment risk compared with buying a lifetime annuity straight away.  They are not usually suitable if you have a small pension fund (after taking any lump sum) or you have no other assets and sources of income to fall back on.

With us on hand to guide you through the various pitfalls and benefits of the choices available to you, your retirement doesn’t have to be complicated. 

Ready to talk about your financial choices?

Contact us today for your FREE initial consultation or find out more about how we can provide you with specialist guidance and advice that covers Savings and Investments, Pensions, Mortgages and Protection as well as a range of Additional Financial Services in Newbury, Reading and Oxford.