Pension Drawdown & Annuities Advice
Like the idea of drawdown, but not sure if it’s right for you? We’ll help you work it out.
Accessing your pension
When planning for retirement, understanding how to access the money from your pension is crucial. Two popular choices for managing retirement funds are pension drawdown and annuities.
So if you are asking yourself, ‘What are these and how do they work?’, let us answer this for you.
What is Pension Drawdown?
Pension drawdown allows you to withdraw funds from your pension pot while keeping the rest invested. It offers flexibility and control over how you access your retirement savings.
How Pension Drawdown works:
You can take up to 25% of your pension pot as a tax-free lump sum. The remaining 75% stays invested, providing potential for growth.
| Pros of Pension Drawdown | Cons of Pension Drawdown |
|---|---|
| Flexibility: Taylor your withdrawals | Market Risk: Your funds are subject to market fluctuations and there are no guarantees of growth or against any investment losses |
| X | X |
| X | X |
Independent Financial Advice
We’re not tied to specific providers, meaning we’ll find the best options for your Pensions from across the market.
Authorised & Regulated
We’re authorised and regulated by the Financial Conduct Authority, the UK’s financial services regulator.
Free Consultation
Your first meeting is at no cost and with no pressure to take it further. So, let’s see how we can help.
Helping Local People Across Teesside For Over 20 Years.
Our Advice Service Covers – Middlesbrough, Stockton-on-Tees, Darlington & County Durham.
A Bit About Us
Here at Joslin Rhodes, we’ve been helping local people make the most of their pensions & retirement for over 20 years.
We’re passionate about making sure everyone has access to the right pension advice that will really free them to love the retirement they’ve spent their lives working towards.
As a team of Independent Financial Advisers specialising in pension advice & retirement planning, we’re here to help you make the right choices for your money.
Watch the video below to see us in action.
Don’t just take our word for it
Meet some of our happy clients and see what they think of us, and how we’ve helped them…
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