Pension schemes give you the facility of receiving up to 25% of your fund as tax free cash, and then selecting an income within a minimum to maximum figure set out by the Inland Revenue, to suit your circumstances. You draw a taxable income direct from the fund without buying an annuity, leaving the bulk of your fund in a tax free environment. You must purchase your annuity by 75.
These are complicated and expert independent advice is essential, but worth considering if you have funds in excess of £100,000.
Income drawdown
Online Quotation Form
We can compare the annuity quotes from all major providers to locate the best possible annuity for your personal
requirements, taking into account any pre existing health conditions. Click on the link above to proceed.
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