Mortgages Lancashire

If you're planning to wind down your workload gradually you may want to consider a Phased Retirement plan.

Phased retirement is a personal pension plan which accepts existing funds and allows you to buy an annuity or income drawdown in stages rather than all at once. Each year you decide how much income you need. You then cash in as much of the plan as necessary to provide your chosen level of income.

Think of it as lots of mini-retirements spread out over a number of years. At first your income will consist of a tax-free cash sum and income from either an annuity or an Income Drawdown plan. You'll continue to receive income from these sources, but you also have the option to take another tax cash-free sum and set up further Income Drawdown plans or annuities.

For more information on Phased Retirement Pensions please contact us.

Grosvenor Partners Financial Services Ltd is an appointed representative of The M&E Network Ltd, which is authorised and regulated by the Financial Services Authority.
The M&E Network Ltd is entered on the FSA register under reference 150643

The guidance provided within this website is subject to the UK regulatory regime and is, therefore, primarily targeted at consumers based in the UK.
This site does not confer any form of personalised financial advice, should you wish to receive specific financial advice please contact us.

There are detailed rules about how and when you can take your benefits and the size of your fund. What you receive from your pension will depend on both the performance
of your fund and interest rates which will affect the rate used to buy annuities. Pension funds can go down in value

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