UK Pension annuities: Phased retirement

UK Pension Annuities : Phased retirement

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Phased retirement

UK pension annuities

Most people regard a pension plan as a single scheme, this does not have to be the case. Your pension plan could be constructed from a large number of individual plans.

When you have a number of pension plans you can choose to buy annuities at differing times and thus ease yourself into retirement gradually. As with other pension plans these must all be converted to annuities or alternatively secured pension by the age of 75.

So how does phased retirement work? Phased retirement is potentially suitable for people with pension funds in excess of £100,000. Say you split your pension fund into 1000 pension plans. Each of these operates as an individual pension plan and is subject to the same rules as single pension plans.

If you want to convert a quarter of your Pension fund into annuities all you need to do is to arrange for 250 of these pension plans to be converted. Bear in mind that you can also take your tax free cash allowance from each plan.

There are many reasons to use phased retirement as part of your strategy for financing your retirement, your financial adviser can provide specific examples for your circumstances. Simply complete the free, no-obligation phased retirement quote form below and one of our financial advisers will contact you. Our financial advisers will look at the current annuities marketplace and provide comparisons specific to your needs and requirements.

Phased retirement is sometimes suitable for pension funds of £100,000 or over.

Due to the complexity of the phased retirement schemes that financial advisers can offer we cannot provide online quotations. Complete the form and a financial adviser will contact you to discuss your exact requirements and formulate a tailored phased retirement solution for your circumstances.

Please Complete the Free No-Obligation Phased Retirement Enquiry
Value of pension fund (minimum £100,000)
If your pension fund is less than £100,000 please click here
Pension Company
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If escalating what rate do you want?
Do you want a single or joint annuity?
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Please note it is not always possible to process enquiries based solely on the information contained in this form. Each case is unique and it may be necessary to speak to you to be able to assess your own particular circumstances to help find the most appropriate course of action. Please supply at least one phone number.
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