At Retirement

In this section, we have explained some common retirement options in plain simple language.

Your Retirement options

Your Retirement options

On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your pension savings and the options you have in retirement.

Enhanced Annuities

Enhanced Annuities

An Enhanced Annuity pays a higher income in retirement if you have a medical condition that may reduce your life expectancy.

Income Drawdown

Income Drawdown

Income Drawdown is a more flexible alternative to the traditional annuity route, offering greater choice and control for many people.

Your pension savings - your future options
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