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Income options at retirement
If you are planning to retire in the near future you are probably thinking about how you will convert your pension fund into an income. Since April 2006 options at retirement have increased and in order that our clients make an informed decision we will provide a schedule detailing every option
There are several options to consider. Each has both advantages and disadvantages. The most suitable option will depend on your personal circumstances, attitude and tolerance to investment risk and retirement objectives.
- Conventional guaranteed annuity
- Investment linked annuity
- Income withdrawal (unsecured pension)
- Phased retirement
- Alternatively secured pension (from age 75)
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