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A L P H A F . M . L T D . |
Welcome to Alpha Financial Management Ltd - Telephone 0151 949 1666 |
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 Retirement Options How can Alpha Financial Management help advise me on my retirement options? We have a dedicated team of fully qualified and experienced advisers. Retirement options include escalation, guarantees, spouse’s pensions, increasing options and impaired life or enhanced annuities to name just a few. Feel free to contact us to discuss this issue with us further. How do I appoint Alpha Financial Management to discuss my retirement options? Firstly contact us using the enquiry form below or call us on 0151 949 1666 You will be appointed your own dedicated Independent financial advisers specialising in advising you on your retirement options. How do I appoint Alpha Financial Management to look at the Open Market Option for me? Firstly contact us using the enquiry form below or call us on 0151 949 1666 Our fee guarantee: You will not pay any fees unless we can help you. An annuity is an investment sold by insurance companies. It is a way of converting a lump sum, usually a pension fund built up during your working life, into an income for the rest of your life. Unlike other investments, it cannot be used up - however long you live. Current legislation dictates that most people must purchase an annuity with their personal pension and stakeholder pension funds between the ages of 55 and 75. Often you can take up to a quarter of your pension fund as a tax-free lump sum, although the exact amount will depend on the type of pension that you have. It is usually a good idea to take the lump sum from a pension, although there are circumstances when it might be better not to take the lump sum (e.g. if there are high guarantees on conversion to an annuity). Many people invest their tax-free cash elsewhere, either to provide a greater income or for capital growth. Please remember once you have purchased your annuity you cannot normally convert it back to cash. Rather than buy an annuity you could leave your pension invested and draw an income directly from the pension fund (see Income Drawdown). This carries risks, so may not be the best option for you if you're on a tight budget. At any time you can stop income drawdown and purchase an annuity. Whilst we consider each client’s current needs and circumstances individually, as a general rule, drawdown should only be considered where the pension fund is greater than £100,000.” An annuity is the most common method of obtaining an income from a pension. After taking any tax-free lump sum, you use the whole of the remaining fund to purchase an annuity. The annuity pays an income for the rest of your life. It's possible to convert only part of your pension to an annuity and delay converting the rest until a later date - you may wish to do this if you move from full to part time work as you approach retirement. You should always exercise your Open Market Option. To review the best options available in the market place. How do I appoint Alpha Financial Management to look at the Open Market Option for me? Firstly contact us using the enquiry form below or call us on 0151 949 1666 Our fee guarantee: You will not pay any fees unless we can help you. Annuities are sold by insurance companies - as with most things, shopping around can get you a better deal. Although you can usually buy an annuity from the same company with whom you built up your pension fund, do not assume it will automatically offer you the best rate. You may do better by shopping around and checking if another company could offer you more. In most cases, you can use your pension fund to buy an annuity from another company. This is called using your 'open market option'. As your insurance company may not tell you about this automatically, make sure you ask for all the information you need to shop around for the best deal. For more information please contact us. Click here to view our Client Agreement.
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