At Retirement

It can be difficult to understand your options at retirement. In this section, we have explained some common retirement options in plain simple language. This information is intended only as guidance. For advice on your specific circumstances, please get in touch.


Enhanced Annuities

Enhanced Annuities

An Enhanced Annuity pays a higher income in retirement if you have a medical condition that may reduce your life expectancy.

Income Drawdown

Income Drawdown

Income Drawdown is a more flexible alternative to the traditional annuity route, offering greater choice and control for many people.

Your Retirement options

Your Retirement options

On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your pension savings and the options you have in retirement.

Pensions

The deadline for me to take a decision on the full lump sum without paying tax is due in summer 2021. Anything after that date, I have to pay up to 40 per cent tax on the lump sum if I take it out.
The number of families claiming child benefit has plunged by 44,000 to 7.28m over a year, and has fallen by well over half a million since 2012.
The coronavirus (COVID-19) pandemic is placing companies under huge pressure, with many employees being furloughed or in some cases made redundant. UK d...
Debenhams has missed its April deficit recovery contribution (DRC) to its staff pension schemes as the struggling high street retailer files a notice of intent to appoint administrators amid the Covid-19 crisis.
An article from Jon Palin from Barnett Waddingham on the longevity impact of Covid19 on pension schemes and annuities