Flexible retirement income is becoming an increasingly popular way of ensuring your money works for you in your retirement. In this week's edition, Tony talks you through how it works, and why it might be the financial answer you've been looking for.

KEY TAKEAWAYS

• Flexible retirement income involves reinvesting your pension funds, with the aim of giving you a regular taxable income throughout retirement.
• Users set the income they want, although this may change on a regular basis depending on the performance of your investments. You must manage this carefully as it is not guaranteed for life. Always take advice.
• Bear in mind that large withdrawals may take you into a higher tax band. If the value of your pension savings is above a certain threshold, then further tax charges might apply.

BEST MOMENTS

'This can help you pay the bills and live your life!'

'This is always going to be personal to you as everyone is different'

ABOUT THE HOST

Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

“Live For Today, Invest For Tomorrow”

CONTACT

Tony's official website: https://ttwealth.co.uk/

Facebook: https://www.facebook.com/TonyThomas.IFA/

LinkedIn: https://www.linkedin.com/in/tonythomas2/

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