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Fund source - The funds could be in a pension or lump sum for an annuity or in company assets if from a SSAS. |
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Benefit - The purpose of the pension may be to pay an income for life such as an annuity or for building a fund tax efficiently for retirement. |
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Health - There are no health considerations when building or drawing on a pension. When buying an annuity impaired health often increases the income for life. |
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Annuites - Provides an income guaranteed for life from a pension or a lump sum with higher rates where the annuitant has poor or impaired health. |
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Drawdown - Alternative to an annuity this pension is suitable if you are still working or have other sources of income and can accept a higher risk. |
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Pension Transfer - If you are not happy with your current provider it may be possible to transfer to a new one. |
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Director SSAS - Use a pension associate with a company to build up retirement benefits tax efficiently. |
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