Planning for your income in retirement
The Inland Revenue allows you to contribute into your pension plans. This amount of money you can afford to invest will vary during your life cycle.
By investing you will have the potential to build up a larger fund and therefore a better pension than by not taking any action at all. You can of course rely on the state pension but we can not be certain what will be available when we retire.
With people tending to live longer and with the advances of medicine. It is likely you will need to stretch your pension fund to cover a longer life span.
While it is possible to save on a regular basis making monthly contributions, it could be in your own interest to invest an annual or single payment into your pension fund, you will enjoy the same benefits as regular payment in choosing the investment funds available to you.
With a wide range of investment funds, low risk, medium risk to the more speculative for the more adventurous and experienced investor, there is a fund for you.
When you come to retiring, you will have a number of options, not just take the first annuity offered to you, we are able to provide advice on phased retirement, drawdown of your pension fund or look at other companies for a potentially better rate providing you with the possibility of a higher annuity.
It just takes a short phone call or email to arrange a meeting to discuss your requirements.
For more information telephone 01778 341658 or email enquiries@oakwood.uk.com