Time was when you started work at 16, worked till State Retirement age and finally retired to live happily on your pension. Now we are all living longer and retirement is more complicated. Many people are considering working past retirement age: some because they want to, some because they have to.
- A common question is ‘Do I have to take my retirement income all at once?’
Well it’s entirely up to you. You may wish to take the tax-free cash and delay taking income or you may wish to take just a portion of the available income. There are now over 10 options for today’s retiree! Make sure you know what these are before making any decisions
In April 2010 the minimum pension age rose to 55 years and State Pension for Women is moving from age 60yrs to 65yrs in 2020 – do you know your entitlement to State Pension?
- If you think you will be affected by these changes, or wish to discuss how on track your pension is, please contact Shirley Skeels for a free initial consultation
Sense Financial Solutions Ltd is an Appointed Representative of Mint Financial Services Limited, which is authorised and regulated by the Financial Services Authority