Austen Birkett Financial Planning Ltd - Independent Financial Advisers

Pension review – consider all of your income options at retirement – what is your priority?

The client in this case had decided to retire and asked us for guidance on the options available. He was single with no financial dependents and had a history of medical problems.

The client’s objective was to achieve the maximum income with his pension fund whilst not taking any investment risk.

We discussed the effects inflation would have on his income in retirement. However, due to his health, his outgoings and other assets, his priority was to take the maximum income now.

We researched the whole market place, as independent financial advisers, to obtain the highest level of income. The good news over the last few years is that annuity providers now take into account a person’s medical conditions and lifestyle. Our client qualified for an impaired life annuity.

The outcome was that we were able to meet our client’s objectives by securing him a guaranteed income which was in excess of what his existing provider and standard annuity providers had offered.

The above case study is for information and illustration only. It is not intended to be individual advice and it should not be taken as such. If you have any questions relating to your own circumstances, please contact us.

"Mark has always given fair, honest and sound financial advice with my personal and pension plans in a friendly and non invasive manner.  I have been happy to act upon it with confidence and look forward to his continued support in the future."

Mrs H
Recently retired teacher

Do you have several pensions with different providers and want to know if you should consolidate them with one provider. Maybe you want to know how to reduce your inheritance tax liability?

Austen Birkett Financial Planning have answered many questions like these from individual clients.

Planning for Individuals

Austen Birkett Financial Planning
Trebeck Hall
Bishops Drive
NG25 0JP

T 01636 812255