THE GUIDANCE AND/OR ADVICE CONTAINED IN THIS WEBSITE IS SUBJECT TO THE UK REGULATORY REGIME AND IS THEREFORE PRIMARILY INTENDED FOR CONSUMERS RESIDENT IN THE U.K.

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Most people make this basic mistake - probably because in many cases they do not know they have a choice.

When most people come to retirement they will usually get a reminder from their pension provider that their pension is due to mature and that they have a choice of taking or pension or pension and tax free cash.

Now most people don’t read further than this and they write back to their pension provider and say thank you, we’ll take the cash and the pension. And this is the big mistake.

You see, hidden in the small print, will be some information telling you whether your pension is eligible for what is called “The Open Market Option”. (If you are not sure where to look, an independent financial adviser can help.)

If it is, this means that you can take the pension fund that you have built up with your pension provider, and using an independent financial adviser, you can find the best pension annuity that your pension fund will buy.

This means that you do not have do accept that pension that your existing pension provider currently provides.

This can make a big difference to the level of income that you receive over the years that you are receiving your pension.

Let us at Finantium help you with finding a suitable annuity or other suitable solution

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