It is not uncommon for people to leave pensions pretty much on autopilot until the time comes to consider how you plan on drawing down on the money.
This is especially true of workplace pensions schemes where often you will have been invested in a default fund and possibly the only attention you’ve paid to it over the years being for 5 or 10 minutes trying to understand your annual statements!
Perhaps you are considering one or more of the following questions:
Is flexible drawdown the best option?
My scheme doesn’t offer flexible drawdown what should I do?
How much can I afford to drawdown?
Should I buy an annuity with any of my pot?
Should I take tax-free cash?
Should I invest my tax-free cash?
What is the most tax efficient way to draw my pension?
Are my current arrangements the most suitable for my needs and objectives?
Should I consolidate my pensions?
How long will my pot last?
Should I be drawing on my savings or pensions first?
Do I need to plan around the Lifetime Allowance?
First Equitable are experts when it comes to all areas of retirement planning and drawdown advice. If you are unsure of your options or have any doubts or concerns as to whether you are doing the right thing or even if your arrangements are suitable for your plans, please get in contact and we will be happy to offer our guidance and expertise.
An initial consultation is always provided at our own cost and will give you an opportunity to talk through your goals and objectives and allows us to demonstrate they ways in which we can help you achieve these. The initial consultation can be done in person or via a video meeting or phone call, as preferred.
We look forward to speaking with you.