Retirement Options
Episode description
In this episode, Tony discusses retirement options made possible by pension freedoms - how the process has changed, and the potential benefits of taking part or all of your pension pot in order to better secure your future.
KEY TAKEAWAYS
- When you reach the age of 55, you can access your pension pot. You can take some, or all. Some will be tax-free, but the rest will be taxable.
- Some use parts of their savings to purchase annuities, which can then be used to cover certain essentials, such as mortgage payments, rent or household bills.
- These days, we are mainly living longer. You must ensure that no matter what route you take, that you and any partners are provided for.
BEST MOMENTS
'Pension freedoms have given retirees a whole host of new options'
'Flexibility is the main attraction'
'Familiarise yourself with your pension freedoms'
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
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ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
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