Pension Case Studies - Income In Retirement - Drawdown
"I'm very happy with the level of income and the tax efficiency of the arrangement which suits me very well."
I have been an Isis client for a while and we started discussing my retirement several years ago. I had an idea of when I might want to retire, but had no definite date in mind.
Because I was a higher rate taxpayer Isis suggested that I increase my pension funding so as to maximise higher rate income tax relief. By doing this I gained 40% tax relief on my contributions and paid only basic rate tax on my earnings.
The recession has brought forward my retirement and I was made redundant at the end of 2008. However, because Isis had helped me plan my retirement I had no concerns about having enough income to live on.
Isis' pensions consultant, Jane, explained the options available to me. The only thing I was sure of was that I didn't want to buy an annuity. Jane recommended a phased retirement plan for me because I didn't need a tax free lump sum up front. I'm now taking the tax free cash annually, with a small amount of pension income monthly just to use up my personal allowance.
I'm very happy with the level of income and the tax efficiency of the arrangement which suits me very well.
Thank You
"Please accept my thanks for the work you have done on my behalf. You set out my options with splendid clarity and it has been a pleasure to do business with you."
GN, Oxford
[ If you want to access the expertise of Jane, Louis or Maggie please contact Isis Financial Planners ]
I M, London
"This specialist team punches well above it's weight." Read more
Pension Case Studies - Income In Retirement - Annuity Purchase
"When I first met Jane I had a pension fund with a product provider which could only advise me about their own products. Once I met with Jane she advised me that the investment funds were too risky for me because I was nearly 70."
Pension Case Studies - Income In Retirement - Drawdown
"I'm very happy with the level of income and the tax efficiency of the arrangement which suits me very well."
