Taking an income from your Pension

As you near your retirement, there are bound to be lots of financial questions, and possibly concerns, that you will have about this new phase in your life. Don’t worry though – you’re not alone, and it is only natural to feel a certain amount of apprehension regarding your finances, particularly if you've been used to a regular income or a salary throughout your working life.

The issues that are likely to affect you, and your own unique situation, may include concerns or questions around the level of pension that you will receive, either from the State Pension, or from your own personal pension or employers scheme.

Issues such as:

• How much will your pension be?
• What are the rulings on when you can take your pension?
• When should you retire to maximise your pension benefits?
• Can you take your pension in a lump sum?
• How do you buy an annuity?
• What are the tax implications of your pension?
• How does your partners income affect your pension entitlement?
• what other options do you have to give your retirement income a boost?

These questions, and many more, are best answered in person by a financial specialist. At Bradford & Bingley, we’ve made this easy for you. You can call into your local branch to speak to a Legal & General Financial Adviser, who will look in detail at your own situation and future plans.

Or if you prefer, fill in our short online enquiry form, and a member of Bradford & Bingley will call you back to set a time for you to meet a Legal & General Financial Adviser in-branch.