Hearnden Associates - Independent Financial Advisers

Retirement Options

Retirement planning does not end when you retire and there are still a number of options to consider, all of which our Independent Financial Advisers can assist you with.

Once you reach retirement, there are several options for how you take your income using the pension funds and investments you have accumulated, with much depending on your age, health, personal situation, assets and tax situation. Our qualified advisers can guide you through these confusing retirement options and offer you continuing advice.

On retirement you can take a tax-free lump sum from your pension fund, with the remainder of the fund then being used to secure your pension income. There is more than one way to take this income, with a range of options to choose from. With the help of our expertise you can find the arrangement that best fits your circumstances.

Pension income options

There is also the possibility of getting an enhanced annuity if there are any factors that threaten to reduce your lifespan, such as if you have a medical condition or smoke regularly. This type of annuity pays out a higher annual income than a normal lifetime annuity.

There are also hybrid products available which pay a regular income and offer guarantees of either investment growth or the amount of pension fund you have left to buy an annuity at a later date.

To find out more about your options or to speak to one of our advisers, contact us.