If you are reaching retirement age and you are a member of your current employer’s pension scheme, please take advice from The Pensions Office!

Members of final salary pension schemes accumulate pension rights which will increase each year after they start to be paid.

Almost invariably the scheme will pay a pension after the death of the scheme member if there is a surviving spouse (or, with some schemes, to a common law partner or same sex partner).

Many issues, here, are very similar to those in another part of this Web Site: pension options from a previous employer’s scheme. Please note, however, that your current employer’s scheme could make it difficult to transfer all of your pension benefits, if not refuse a transfer altogether (in certain circumstances). Asking the correct questions as early as possible could make a great deal of difference. So, ask The Pensions Office!

Members of money purchase pension schemes (these are schemes under which an investment fund accumulates) offer more options to scheme members reaching retirement age. Some schemes offer the services of an Independent Financial Adviser to help the retiring member consider at least some of those options. Making the most appropriate choices for each individual’s needs can make a huge amount of difference to income in retirement (and also, potentially, benefits paid after the scheme member’s death). But making a hasty or inappropriate decision could lead to significant financial loss or the loss of highly attractive potential benefits and flexibility. So, ask The Pensions Office!  

In either case all we require is the completion of our simple questionnaire and authority to obtain more details from your scheme. There’s no cost or obligation at the outset. So, in all cases………..