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Sometimes you simply must take advice
There are some areas of pensions where you must take advice.
If your pension has what are called ‘safeguarded benefits’ of more than £30,000 you must take financial advice before you can transfer them to a different pension or take them as a cash lump sum.
Safeguarded benefits are company pensions which are defined benefit or final salary pension and personal pensions which have a guarantee such as a Guaranteed Minimum Pensions (GMPs) or Guaranteed Annuity Rates (GARs).
This is a complex area of pensions and you must get advice from a specially qualified adviser.
If you want to make the most of pension freedoms you should start planning ahead and make sure your financial affairs are in good shape in the years running up to retirement.William Burrows
Offices in London and Northampton
Call: 07730 435 657
Better Retirement Group Ltd
|400 Pavilion Drive
| 68 Lombard St