In addition to the notes and documents below, here you will find lots of plain english guides on retirement planning and options.
PLANNING for RETIREMENT - BENEFIT OPTIONS
These notes are intended to help people who have “money purchase” pension plans, such as a Personal Pension, Self Invested Personal Pension (SIPP), AVC or Free Standing AVC.
The Planning for Retirement - Benefit Options notes are essential reading and they cover:
- State Pension
- Taking benefits from pension plans
- Annuities and the range of options
- Enhanced Annuities
- Open Market Option
- Flexible Pension Drawdown
- Phased Retirement
- What happens to your pension when you die
For those in the fortunate position of expecting a ﬁnal salary income (or scheme pension) from your employer, these notes will be relevant only if you are considering transferring your beneﬁts. However, before doing this we strongly recommend that you allow us to check that a transfer is in your best interest.