You may be retired or living off capital. You may be approaching
retirement
and are unsure of your options concerning your wealth. You may be a widow
or widower who is receiving income from a fund which has been supplied
by a life assurance policy.
If you recognise any of these profiles as you, are you happy with the
income you are receiving or have been quoted?
For many people in these situations, fixed incomes can be a source of
worry because the income may or may not rise, but it can seem that prices
rise even faster.
There are a number of ways that income can be improved, such as ensuring
you receive all tax entitlements or your money is invested in a place
that makes it work harder.
The degree of income you receive will depend largely upon the risk you
are prepared to take with your money, your age and tax status.
For clients who are approaching retirement and who have a pension fund
to invest, a flexible way of producing income is by way of income fund
withdrawal. This negates the need to buy an annuity until the age of 75
and gives greater control over the monies until then.
Of course, capital protection may also be part of your
requirement,
and this should be considered when building
a financial plan.
For a brief exploratory chat, with no commitment either way, contact
us and we'll get in touch, or call us direct on 01324 832
715.
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