Monday, 29 September 2014

NEW PENSION PRODUCTS

The financial services providers are bringing out more and more new products to cater for the

changes that have been announced.

For example, for those who want to access their money now and have an income but also want the option to take it all after next April, there are now one year annuity products. These allow you to take your Tax Free Cash immediately but also allow you to exit the annuity after April next year so you can access more of your pension fund. In addition to short term temporary annuities, there are also investment-based annuities, and enhanced annuities for smokers and those with medical conditions. We would be happy to go over the options that may be available to you.

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