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  • Coast to Coast Financial Services Limited
    42 Cheyne Walk
    Hornsea, East Yorkshire
    HU18 1BX
    Tel: 07836 620 305
    Fax: 01964 537 497
    tony@ctocfinancial.com
    At Retirement

    If you thought it was complicated finding the best way to save for your retirement, just look at the different options available when you decide to retire and take your pension!

    If you’re aged over 55 and looking to take your pension benefits, you now have far greater choice thanks to the government’s pension reforms. Previously, many people would have to buy an annuity with their pension to receive an income. Now however, there are a number of ways to get a regular income. You might not want to take your pension commencement lump sum (tax free cash) and an annuity. You might just want the tax free cash now and leave the balance invested. You might want indexation, guarantees, a spouse’s pension, you may be eligible for an enhanced annuity. The list goes on! The new pension’s freedom legislation now allows you to take all of your pension as a cash lump sum, however this is not to be considered lightly, your pension capital is there to provide financial support throughout your retirement and taking this option could affect the length of time this support could last. In some cases taking all cash could be beneficial but there are tax implications that have to be taken into account.

    Your Coast to Coast Adviser is qualified to advise and guide you through all of these options so that at retirement your decision is the right one for you.

    The value of investments and any income from them can fall as well as rise. You may not get back the amount originally invested.