Annuities & Income At Retirement

Planning an income for your retirement years is hugely important. No matter what you did for a living, how much you earned or how much you have in savings, you need to give careful consideration to your personal finances during your retirement years. The state pension is useful, of course, but it’s unlikely to be enough to give you anything approaching a comfortable life. Thanks to our extensive knowledge of the market and our years of experience in helping those in retirement, Scott Fyffe Wealth Management can offer a number of potential solutions to help you at this crucial time.

If you have received a lump sum pension payment or you have life savings to fall back on, you may want to consider an annuity. This offers an opportunity to use some or all of your money to be invested and paid back to you as a regular income, usually monthly, quarterly or annually. Annuities can be arranged for a specific number of years or paid until you pass away. The amount you receive regularly will inevitably depend on your age, the amount you wish to invest, the length of the annuity and a number of other factors. As always, if you have any questions please feel free to contact our team.

Here at Scott Fyffe Wealth Management, we offer advice on a range of annuity options to individuals and couples. And if you’re keen to see your money invested in more ethical options that can be done with ease. Whether you’re looking to encourage renewable energy, sustainable forests, better human rights, cheaper pharmaceuticals or any one of a number of worthy strategies, we can make it happen. The same applies if you’d like to avoid investments in companies that pollute, that over-use fossil fuels, that supply armaments and that take part in many other negative practices.

Annuities are available to anyone aged 55 or over, and they offer a reliable way to receive a regular income. They can bring a great deal of peace of mind, and will help with general budgeting on a month by month basis. In general, the regular payments from an annuity will tend to change in line with inflation, enabling you and your money to keep pace with increases in the price of food, travel, utilities and other necessities.

We have a team of knowledgeable and experienced specialists at Scott Fyffe Wealth Management, and we believe in open and honest communications with clients at all times. Before making any recommendations to you, we’ll listen to what you have to say about your savings and your hopes for the future. Every client we speak with has their own individual story, so get in touch today and see why more and more people are finding out the Scott Fyffe Wealth Management difference. One call to 01382 721 191 is all you need to start the process. We look forward to hearing from you soon.

The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation which are subject to change in the future.