Pensions in Scotland ~ Pension advice Glasgow Aberdeen Edinburgh Dundee Lanarkshire

Independent Pension Advice Scotland
TEL:0845 468 4660

When it's time to vest your pension you will receive options from your current pension provider. The provider's annuity offered may not be competitive.

You will normally have an 'Open Market Option'. This means that you are able to buy an annuity from any provider in the market.
This can significantly increase your income in retirement. In addition your health or smoker status may entitle you to an 'enhanced annuity'

At DM Financial Solutions we provide independent financial advice. This means we work on your behalf and can shop around the marketplace to source the best Annuity or Pension for you.

Call us now on 0845 468 4660 or fill in the form opposite and an adviser will call you.

In addition our service is on an arrangement basis. This means that as well as providing independent retirement advice, we will also complete all the paperwork on your behalf and liaise with the current and recommended provider.

There are various types of annuities and features available to you such as:

Level paying annuity – monthly amounts stay the same throughout your lifetime.

Indexed annuity – payments start lower and increase each year. Typically by a fixed amount of say 3%.

Life only annuity – annuity stops on your death with no guarantees or death benefits.

Guarantees – You can select an annuity which is guaranteed to be paid for five or ten years from the date of vesting. For example if a member dies in year 3 and has a five year guarantee then the balance (i.e. 2 years) would continue to be paid to his or her estate.

Value Protection – Allows balance of annuity purchase money to be paid as a lump sum on death, less tax (currently 35%). Available to age 75. An annuitant can be sure they (or their estate on death) will receive the full value of the premium paid to purchase the annuity minus payments already received (less tax currently at 35%)

Spouse’s pension – a pension could continue on your death for your wife. For example 50% or 100% of your payments for her lifetime.

CALL US NOW ON 0845 468 4660 to discuss your needs.

Pension Glasgow ~ Pensions Glasgow ~ Retire Glasgow ~ IFA Glasgow ~ Financial advisors Glasgow