Pensions and retirement
Saving for retirement and taking income from your pension
Whether you’re still working or have already retired, we can give you the information and support you need for the retirement you want and deserve. As part of our service we offer an award-winning Best SIPP that gives you complete control over your pension whatever stage of life you’re at.
Self-invested Personal Pensions
Self-invested Personal pensions (SIPPs) are a type of pension that gives you more control over your money:
- You can let the experts manage your investments, invest with support from an adviser or take care of it all yourself
- You receive expert investment news, views and research and our telephone team is on hand to answer any questions
- It’s easy to consolidate your pensions – and we’ll pay you up to £500 for any exit fees your current providers charge*.
Pension and retirement guides
Our free guides give you more information and support for your pensions and retirement saving.
You now have total freedom to take your money when you retire. Find out more about your options at retirement and see which one would be best for you.
When you buy an annuity you exchange your pension for a secure income for life. Our online annuity calculator lets you enter your details and compare instant annuity quotes from different providers.
Income drawdown lets you take income from your pension while the rest stays invested. Take advantage of our low income drawdown fees when you take a flexible income from the Best SIPP.
Many people leave their pension invested when they retire. With our Best SIPP you can let our experts manage your investments, invest with an adviser or take care of it all yourself.
Questions about your pension?
Why not book a free appointment with one of our resident pensions experts? Simply dig out your paperwork and get in touch to see how they could help you make the most of your pensions.
*Exit fees may apply if you close your Best SIPP. Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer) Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).
SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. Please contact us for guidance or advice if you are unsure whether a SIPP is right for you.
The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come. Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.