Today, retirement is rarely an all or nothing decision, where one day you are collecting your salary and the next day you are collecting your pension.
Deciding what to do with your pension savings is an important step we will have to take.
When accessing your benefits there are many options to choose from, no matter what shape your retirement is going to take. You might plan to retire fully, reduce your hours gradually or to carry on working for longer, regardless of what your retirement looks like, you can tailor when and how you use your pension.
With the complexities of the decisions you have to make at retirement, taking independent financial advice can positively affect your financial future. As independent financial advisers we can explore the diverse range of options available to you when accessing your benefits.
A pension is a long term investment the fund value may fluctuate and can go down.
Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.