When people think pensions they tend to think of Final Salary Schemes, Private Pension arrangements and State Pensions, however, income in retirement can obviously take many forms.

Your income could also include rental payments, dividends from shares, Unit Trusts or ISA’s, deposits, income from Insurance Bonds or even Trusts. As part of the financial planning process it is our job to blend income steams to minimise tax and maximise return.

Unfortunately, due to the lack of trust consumers can sometimes have in the financial services community many people simply go on line and buy annuity with pot of money they have spent their entire lives building and often regret not having taken advice.  

Pension Income Options from Aspect8

Potentially, and especially if you are retiring early you might have to live with your decisions for 40 years or even more. The importance of a proper discovery session with your adviser cannot be overstated. 

At Aspect8, you will only ever receive advice from an adviser with the requisite qualification which is a minimum of The Chartered Insurance Institute JO5 exam in Pension Income Options. Additionally, your adviser will probably be qualified in Lifetime Mortgage Activities and Long Term Care. 

If you are a new client you can download our Retirement Options Questionnaire before you meet with us which will help us advise you on the correct course of action.

Ongoing advice from Aspect8

Depending on what decisions you make regarding your pension income options, you may want ongoing advice from us to manage your income in the most efficient way. As our client you will be able to login and look at the value of plans at anytime and monitor performance against your goals. 

Unsecured Pensions Plans are sophisticated products and subject to the fluctuation of the underlying assets, therefore, we always advise clients to review these plans on a regular basis in addition to the underlying investment strategies.