About pension Annuities


Pension Drawdown

We can help you understand your

Pension Drawdown Options.

You May Pay More Tax Than Needed If You take all your Pension At Once!

There Are Tax Efficient Ways To Access Your Pension
We Can Help!


We can help identify the most suitable
pension option for you
both
Annuities and Drawdown

Age 55 or over?

If you have a personal pension you could take as much as 25% as a tax free lump sum.

Since the recent change in pension legislation many more people can obtain enhanced annuities.

For more information on enhanced annuities click here

Our Promise

We will endeavour to obtain the best rate for you from the market and will go “the extra mile” to achieve this.

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About Annuities

Pension Annuities are:
A low risk way of providing a pension income for the rest of your life.

This is the closest form of pension to the more traditional final salary scheme. These pensions enable you to set whatever terms you require and you have the confidence in knowing what pension you will have and, if appropriate, what your beneficiaries will receive in the case of your death.

Your pension fund is invested in secure financial markets normally gilts and these provide you with an income. You therefore buy an income from your pension savings.

More and more people are deciding to take their pension early nowadays, once they are eligible (age 55).
This can be to increase income in the run up to full retirement or to enable people to take a less stressful job or reduce their hours, in effect, semi retiring.

Warning: When buying an annuity it is very important to achieve the best solution for you. Buying a pension annuity at present is a one-off decision. Once an annuity is purchased you cannot change your mind and move your funds elsewhere therefore making the right choice is vital.

When purchasing a Pension Annuity they will assess:

• Your age
• Your life expectancy
• The investment they can achieve with your pension funds
This annuity calculation will produce an annuity rate at which you will be paid and is relative to the world wide interest rates and gilt prices.

Normally you can take a tax free lump sum (normally up to 25%) which can be used for any purpose i.e. paying off the mortgage, going on a special holiday or buying a car.

Funeral Plans

We shop the open market to obtain the best rates.

Frequently the best rates are provided by companies who only deal with intermediaries. We access this market on your behalf

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Free
No Obligation
Annuity Quote

email us
info@penops.co.uk

Call Us
0845 576 01 02