Phased Retirement
This term is now redundant in its technical pre-April 2006 sense, although it is expected to continue as a marketing/descriptive term.
What you need to know post April 2006: the flexible new rules pretty much allow you to achieve similar results, plus others possibly even better attuned to your needs.
The information below relates to pre-April 2006.
Staggered vesting
In essence the idea is simple. Instead of taking all your tax-free cash and buying an annuity at once, you take a bit of Tax-Free Cash and use a bit of your fund to buy an annuity. The remaining fund remains invested, (and subject to market fluctuations).
Each time you take some of your fund the annuity you get will depend upon annuity rates at that time.
Over time you deplete the fund but build up a series of annuities to provide income.
Whether or not this is suitable for you is very much dependent on your circumstances and should be assessed by your financial adviser.
The Team
External Links
contact-email
