Approaching retirement

Suddenly, the retirement years are around the corner. You've thought things through, filled up the pension fund over the last thirty to forty years and your plans are swiftly all but a reality. Soon you'll be living off your pension. But what exactly does this mean?

When retirement time arrives, choosing what to do with your saved money requires careful thought. For many, the decision is easy – replace your work income with a pension income. It pays to choose carefully, ensuring you enjoy every penny you've invested and saved.

Easy does it

Whether you've got £1.5 million banked or £45,000, this is likely to be the biggest cash lump sum you've seen. But remember this. People are living longer and longer. Life expectancy is rising year on year. You might need this pot of money to stretch for another 30 years, or more. The big decisions are not over yet. You'll need to consider:

Pension Commencement Lump Sum (tax free cash)
Annuities 
Open Market Option (shopping around) 

Whatever you ultimately decide to do, know what your options are. Contact us for more information.

Financial Advice... pure and simple

Sesame MT provides financial advice and planning, in plain English, to people who want to ensure they make the right financial decisions at the right times and at the right cost. It's simple!

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