When I retire what are my options?

During your working life you may have built up several pension pots, it could be a combination of personal pensions, company pensions, final salary schemes or a number of variations.

When you get to the point of retirement, how do these combine?  What are your options?  Do you require a guaranteed income, or something more flexible? 

Pension Income Options from Talk Money

Potentially, and especially if you are retiring early you might have to live with your decisions for 40 years or even more. The importance of a proper consultation with your adviser cannot be overstated.

There are many options you can take, all are dependant on your own personal circumstances.  Your health, your marital status, other income sources, attitude to taking risk and many other factors come into play. 

Our advice will take all of this into account and work out the best option for you.  This could include any of the following:

  • Purchase of an annuity.
  • Capped Drawdown.
  • Flexible Drawdown.

    Ongoing advice from Talk Money

    Depending on what decisions you make regarding your pension income options, you may want ongoing advice from us to manage your income in the most efficient way. As our client you will be able to login and look at the value of plans at anytime and monitor performance against your goals.

    If you are a new client, please download our "Retirement Options Questionnaire" in the download section of the site.  This will assist us in giving you best advice on your retirement options.