Retirement & Pensions

Your Options at Retirement

Chambers Associates are able to advise on the decisions as to how to secure income in retirement which best meets your needs.

The value of pension and the income they produce can fall as well as rise. You may get back less than you invested.

We can assist you to plan for your retirement and also provide advice on how to make the most of your funds when you retire. The introduction of income withdrawal has meant that annuity purchase is no longer the only route available at retirement. The options are:-

Purchase an annuity at retirement.
Draw payments directly from your accumulated fund and defer your annuity purchase. This option is known as Unsecured Pension (USP) or income withdrawal.
Take retirement benefits over a period of time by using a combination of tax-free cash and either annuities or income withdrawal. This is known as phased retirement.

The decision of which route is appropriate will depend upon a number of factors including:
The combination of benefits you want
The level of investment risk you are prepared to accept and your view on future interest rates
Your health and that of your spouse or dependants that you would like to provide for in the event of your death.

Retirement Planning

Chambers Associates are able to advise on the solutions which best meet your retirement planning needs.

The value of pension and the income they produce can fall as well as rise. You may get back less than you invested.

We can provide advice regarding setting up new pension schemes, reviewing your existing arrangements or if you are an employer advice on employee schemes.

Pensions are tax efficient investment vehicles, however recent changes in government legislation mean that you should review your options before making any decisions. Tax treatment varies according to individual circustances and is subject to change.

We can assist you to plan for your retirement and also provide advice on how to make the most of your funds when you retire.

Retirement Planning may involve some of the following arrangements: