01162822177 enquiries@rowleyturton.com

Taking benefits from an arrangement

Benefits can be taken as lump sums and annuities, or as pension drawdown, athough the exact make-up of the way you choose to take benefits is quite flexible, so most people should be able to arrange them to suit their particular needs.

Pension changes 

Since April 2015, retirees have had greater freedom to choose how they access their pension savings. This includes being able to take lump sums without incurring a 55% tax charge on withdrawals above the 25% tax-free limit. Instead, withdrawals will be taxed at the person's marginal rate of income tax.

This is an area where it is essential that you discuss the options with your financial adviser several years before you expect to retire, or semi-retire. Planning in advance gives maximum flexibility.

Subscribe to receive your FREE regular newsletter

Award, Investment, Life, Pension, Moneyfacts, 2015, Estate, Tax, Planner, of the Year, Best, Adviser   PFS, Pension Transfer, Gold, Standard, Final Salary, DB, Defined Benefit  Independent Financial Adviser, IFA, Independent, Financial, Adviser, Advisor    

Retirement Planner, award, firm of the year, midlands, 2018, pensions, adviceVouchedfor, Rating, Best, IFAChartered Financial Planners, Chartered Financial Planner, Chartered, Financial, Planner

Rowley Turton (IFA) Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 457946 http://www.fca.org.uk/register.

Rowley Turton (IFA) Ltd Registered Address: Charnwood House, Harcourt Way, Meridian Business Park, Leicester, LE19 1WP. Registered in England & Wales, No. 3145431.

Neither Rowley Turton (IFA) Ltd nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at http://www.financial-ombudsman.org.uk.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Please read our Privacy Statement before completing any enquiry form or before sending an email to us.