Could Pension Drawdown be Right For You?

At Grosvenor Wealth Management we explore your needs and circumstances, construct a suitable pension drawdown arrangement for you which matches your income requirements in retirement.

We also offer Retirement Seminars

Next Event 5th October 2021 – Sopwell House, Cottonmill Lane, St Albans AL1 2HQ
Retirement Seminars

What’s in the Guide?

Here is a snippet:

“Drawing my pension – what do I need to know?

Since Pensions Freedoms were introduced in April 2015, there’s a lot more choice in how you draw your pension pots. But more choice can also lead to confusion! This guide outlines the retirement options for you and things you’ll need to consider when choosing the option or mix of options that’s right for you if you have a defined contribution pension. By the way, as completely independent financial advisers, we’re here to help. Just give us a call.

So, what are my choices?

There is a lot of choice and it is important to make the right one for you.

1. You can get a flexible requirement income – known as Flexi-Access Drawdown

You could opt for Flexi-Access Drawdown. With this type of retirement option, you can leave your money in your pension pot and take an income from it. Any money left in your pension pot remains invested, which may give your pension pot a chance to grow but it could go down in value too. A quarter of your pension pot can usually be taken tax-free, and any other withdrawals will be taxed whether you take them as income or as cash lump sums. You may need to move into a new pension plan to do this. You can draw a tax-free lump sum and choose not to take an income until you want to. Alternatively, it may be possible to take part of your tax-free cash over time as tax free income. Some pension products can automatically move your pension into Flexi-Access Drawdown. For others you may need to switch to another pension provider. We can help by recommending a product which fits your circumstances and needs…”

Guide to Pension Drawdown

Testimonials

“The team at Grosvenor have really helped us think through our options for different scenarios and created us a versatile financial plan.  Great practical and knowledgeable advice. Thank you.”

Gary, Hertfordshire

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David, London

“They have the ability to support me across an unusually wide breadth of services including estate planning. Fundamentally I trust GWM and I see this as a long-term relationship for my whole family”

Lucinda, Hertfordshire

“I feel empowered and more optimistic about moving on to the next phase of my life.”

Edwin, London

“Grosvenor were the outstanding exception in doing what they promised without fuss and within the timescale promised. Thank you very much for your help. After the sale of another property later this year, we look forward to reinvesting the money with you.”

Paul, London