How to turn your pension savings into income for life.
There are many things to consider as you approach retirement. It's good to start by reviewing your finances to ensure your future income will allow you to enjoy the lifestyle you want. The earlier you start thinking about what you'll need for a comfortable retirement and where your money is going to come from, the more control you have over that period in your life.
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Will your pension pot last for the rest of your life?
If you're like most people, the money in your pension pot will need to last for the rest of your life. And once you've made a decision, you might not be able to change your mind. So it's important to get all the information you need to feel confident that you are making the right decision for you. To find out more or arrange an appointment, please contact us.
"The concept of 'retirement' as viewed through the opinions of those currently saving towards it, may have a broad range of meanings. But the reality is the traditional 'retirement' is changing, with few now seeing it as a singular event."
What can I do with my pension?
Deciding how you want to start taking money
Due to the changes introduced by government in April 2015, when you reach the age of 55 (subject to change) you now have more flexibility than ever when it comes to taking money from your pension pot.
Find out more about your options for taking an income in retirement and what you need to consider. If you are unsure about the best approach for you, please do get in touch for further information.
Thinking about accessing your pension from age 55?
The options for using your pension pot are more flexible than ever. But it's important to understand how your decisions will affect your retirement income in the future.
To find out how to make the right decisions for you and create a bespoke retirement plan personalised for you, please get in touch with Michael at Oyster. We look forward to guiding you along the right path.
