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“A step-by-step process, to enable you to secure the right retirement income option, for you!” “I am coming up to retirement. I need to find out what my options are, but I’m finding it really difficult to get all the information together. I really need to know I am making the right decision.” If this sounds familiar, then we have designed the solution for you. Grand Retirements has been created to provide our step-by-step retirement income options process, to enable our clients to find the most appropriate retirement income options for them.
We also want to provide a single source of information on all the options for taking retirement income available in the UK today, so that you don’t need to go anywhere else.
We’ve put together here some of the questions we are most commonly asked, together with some answers. If you would like to find out more about each of these options, please click through to the relevant page.
We have created a unique, step-by-step process to provide our clients with professional advice and support to ensure that the retirement income they arrange includes the best combination of options for them. Call us to find out how our step-by step retirement income options process could help you
Popular Questions “Do I have to take my pension income from the same company I have been building my pension fund with?” No! - You now have what’s called an Open Market Option. This means you can take your pension fund to any other provider as they may give you a better deal than your present company. What’s an annuity and do I have to buy one? No! – You don’t have to purchase an annuity at retirement! An annuity is a financial vehicle which promises to pay a guaranteed rate of income, for the rest of your life in return for the fund you have built up through your working life. The law has recently changed to say you are free to choose whether an annuity is the best for you or one of the other options of taking income at retirement. Click through to our Annuities page for more information and options. It’s really important that you get this one right! What is Unsecured Income (USI) and can anyone use it? Now this is where things start to get a bit more interesting! USI, until recently, was known as Drawdown. It became available in the early 1990’s, but is really only suitable for people with larger funds, who want to make their own decisions on how much income they take and retain control of their investments for as long as possible. Click this button to find out more details. I have heard about a new option called the 3rd Way, what is it? This is a new approach from our American cousins, which has only recently become available in the UK. They have been using it successfully since the mid-1980s. It allows you to secure a guaranteed income or lock in guaranteed investment growth, without having to spend your entire pension fund and therefore you can continue to invest it yourself. Click through to our 3rd Way page to find out how this option may be of benefit to you. Can I take my Tax Free Cash and not take any income, if I don’t need it? Yes! Tax free cash now has an extremely un-user friendly title of Pension Commencement lump sum (PCLS)! What a mouth full? You do not have to take income when you take cash from your pension(s). However, you must take income before age 75 under present rules. Would you like to add a question of your own to our site? If so email us at info@srdfm.co.uk and we will add it straight away and give you an answer! How’s that for service? The guidance and/or advice contained within this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. Grand Retirements is a trading style of SRD Financial Management Ltd. SRD Financial Management Ltd is authorised and regulated by the Financial Services Authority Registered office address, PO Box 58, Oxford OX33 1WR Company Registration Number 4904872 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
