Welcome to the Income Drawdown Section!

Does income drawdown confuse you? If so, you are in good company. Thousands of UK residents are keen to transfer their pension money to drawdown for greater flexibility but are unsure as to the process. Income drawdown allows you to withdraw money at any time you choose. There are restrictions relating to the minimum and [...]

Income drawdown is an increasingly popular pension option but it is also one of the most complex. On the face of it, being able to withdraw money at any time seems simple enough but there are a number of financial implications. This is why drawdown advice is essential and this should only come from an [...]

Income drawdown is also known as an unsecured pension. It is far more flexible than annuities because you are allowed withdraw a certain amount of money from your pension pot at any time while still saving for your retirement. However, income drawdown is really only an option for those with large pension funds. Talk to [...]

There is no way of telling the best annuity option for you by simply going through various websites. Choosing the best annuity is not necessarily a matter of finding the best rate. There are other factors that must be taken into account. These include your current financial status, family members, prospective income etc. It is [...]

Annuity advice is important. The larger your pension pot the more vital it can be because the bigger the disparity between what the different options could mean over your lifetime. A mistake most investors make is to assume that all annuities were created equal. In actual fact, with dozens of companies offering these income schemes, [...]

The purpose of purchasing an annuity is to safeguard the money you have saved into your pension and provide an income in retirement. There are a host of annuities on offer from fixed lifetime annuities to investment based options. Although investments are potentially more lucrative, they also carry a far higher level of risk. This [...]

A local annuity adviser can keep your pension savings safe and maximize your retirement income. Once you have invested money into a pension, there are a host of options available to draw the income. These can be especially confusing. From Annuities to Income Drawdown, the choices on offer need an expert to take charge. Do [...]

Below is information designed to help you understand the ins and outs of pension transfers including its basic workings and why you may be better off financially if you transfer your pension plan. It involves information on transferring from one UK registered transfer scheme to another. However, we will not be covering transfers relating to [...]

This type of pension scheme normally ensures that you receive a fixed percentage pension which is calculated according to your pensionable service and last salary when you finished working for the company or decided to retire. There are other benefits:  Your dependents can receive benefits if you die before retirement.  Your pension may [...]

Contracted out rights are also known as protected rights and include Section 9 (2B) rights and guaranteed minimum pensions. The reason why your contracted out rights fund exists is because you contracted out of the State Earnings Related Pension Scheme, now known as the State Second Pension in the past. If your fund has contracted [...]