Reaching retirement opens up several choices when it comes to your pension.
Whether you’re thinking about taking a lump sum, setting up a flexible income, or securing a guaranteed amount through an annuity, the right option depends on what matters most to you.
Each route comes with its own set of rules and tax considerations, so understanding how they work can make a real difference in how much money you end up with.
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You don’t need to take all your pension in one go. Many people choose to leave their money invested and draw from it gradually, depending on their needs.
This approach, known as income drawdown, offers flexibility and can be more tax-efficient than taking everything upfront.
Having a clear strategy in place helps you take what you need, when you need it, without depleting your funds too soon.
Schedule a Free CallbackOnce you make certain decisions at retirement, there’s no going back.
Choosing how to take your pension could affect your income for the rest of your life, and not all choices can be reversed.
That’s why seeking independent financial advice at this point can be so valuable.
It gives you a clear view of the pros and cons of each option, helping you avoid costly mistakes and make the most of the money you’ve worked hard to save.
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By using tailored projections and cash flow planning, we can help you understand when retirement might be realistic for you, along with the standard of living your savings and investments could support over time.
Some pension choices can’t be changed once they’ve been made. Taking independent financial advice before making these decisions, such as whether to buy an annuity, can help you avoid locking yourself into something that may not suit your future needs.
Retirement isn’t the end of the planning process. With regular reviews, we’ll keep track of how your pension is performing and whether the income you’re drawing is likely to remain suitable over the long term.
We’re here to support you with the practical side of things too. Whether it’s accessing your pension or making withdrawals, we’ll help make sure it’s all done efficiently and with tax in mind, so you can focus on enjoying life beyond work.
The value of pensions and any income from them can fall as well as rise. You may not get back the full amount invested.
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The information and guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
UK Financial Planning Limited is an appointed representative of ValidPath Limited which is authorised and regulated by the Financial Conduct Authority under FRN 197107.
UK Financial Planning Limited is registered in England and Wales, company number: 15000141, registered office address: 28 Williamsfield Road, Cranswick, Driffield YO25 9BH.
UK Financial Planning Ltd – All Rights Reserved © Copyright 2025 | Privacy Policy | Cookie Policy
The information and guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
UK Financial Planning Limited is an appointed representative of ValidPath Limited which is authorised and regulated by the Financial Conduct Authority under FRN 197107.
UK Financial Planning Limited is registered in England and Wales, company number: 15000141, registered office address: 28 Williamsfield Road, Cranswick, Driffield YO25 9BH.
UK Financial Planning Ltd – All Rights Reserved © Copyright 2025 | Privacy Policy | Cookie Policy
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