What is Phased Retirement?

Phased Retirement was originally introduced as a solution for those who gradually retire by allowing the pension fund to supplement any earned income.

Rather than purchase Drawdown with the vested segments, you purchase an annuity after taking the lump sum. This would still allow you tax efficiency, however the death benefits for the vested segments would only be those purchased under the annuity. Any unvested segments will be treated under Personal Pension rules.

It should be noted that annuities of a different type can be purchased at each time.

Please click here to view the different types of annuities that can be purchased.

To arrange a meeting or discuss your options further, call us now on our FREE helpline 0808 1787 335.