In retirement your income from employment or self-employment may be replaced by an income from an annuity. This is purchased by your pension fund from an appropriate annuity provider, securing you an income for life, no matter how long you live. 

When approaching this life stage, the right type of advice can make a huge difference as 'A' Day changed many aspects of pensions, such as having the ability, under certain circumstances, to draw your whole fund as a cash lump-sum (less tax) from your pension. Drawdown is an option which may be suitable for you, although you will need to take advice from your St. James's Place Partner. Please click here for further details.

Please contact us should you require more information.