An annuity allows you to convert your pension savings into a regular income that will last you for the rest of your life.
One of the key benefits of an annuity is that your income will be guaranteed – you’ll receive a fixed regular payment each year until you die. Your retirement income won’t be subject to stock market fluctuations either (unless you select an investment-linked annuity).
One of the ways you can access your pension savings is through Flexi-access Drawdown.
You can put funds into drawdown with no limits on how much or how little you can take from your drawdown fund each year. You can take a tax free pension commencement lump sum of up to 25% of your pension pot when you put funds into drawdown. Any drawdown payments are taxed as income.
Equity release schemes allow you to take advantage of the equity built up in your property. This release of equity from your home can then be spent on anything you wish.
If you are a homeowner age 55 or over, you could be eligible to release cash from your property; in the form of a tax-free cash lump sum or an income for life. Equity release schemes today are increasingly flexible and are designed to meet modern day lifestyles.
Life insurance is a great way to help protect your family from the financial worries they could face if you were no longer around.
It could help with household bills, child-care costs or covering mortgage payments. You can purchase cover from as little as £6 per month, so why not get a life insurance quote today.
It doesn’t matter what type of property you live in, your home is no doubt your castle.
There are two types of home insurance: buildings and contents cover. We compare a panel of 5 star Defaqto rated insurers so you have total reassurance you are getting quality cover.
If you require financial advice regarding your circumstances our sister company Bury Financial Advisers can help.
They provide advice in a number of areas including Retirement Planning, Personal & Corporate Pensions, Investments, Tax Planning, Inheritance Tax (IHT) Mitigation and much more.