Post retirement

Pensions are designed to enable you to save sufficient money during your working life to provide an income stream for you to live comfortably after you have retired.

There are many different tools used to save for retirement and the taxation and investment elements of pensions can be confusing. at Macmillan Financial Planning, we specialise in explaining, recommending and monitoring pensions for you. 

Below are the most common sources of pension to fund your retirement.

Single Tier State Pension

Basic State Pension

Additional State Pension

Occupational Pension

Personal Pensions Scheme

Your retirement options

There is now a vast array of products that may be used at retirement to provide benefits; from the traditional form of annuity, that provides a regular income stream, to flexi-access, which enables lump sums of benefits to be taken either as a one-off payment or over a given number of years.

State Pensions may not produce the same level of income that you will have been accustomed to whilst working. You're never too young to start thinking about how best to build up an additional retirement fund. 

Given the complexity and choice out there, it is important to seek independent financial advice before making any decisions. Macmillan Financial Planning aims to help you live the life you want well into retirement.