Trustees

From an employee point of view, trustee pension schemes work in the same way as other work place pension schemes in that both you and your employer pay into them for the during of the time you work for that employer and you will have a number of options for what to do with your pension pot when you come to retire.  The way these schemes differ from an employer perspective is that they give the employer a much greater deal of control of the pension such as how contributions are collected and how the money is invested.  While we can help employers set up and manage these schemes, we can also help employees when you are approaching retirement to help you decide what you should do with it.

Depending on a large number of factors such as the size of your pension pot, your living arrangements, any other income you have, any dependents you have and, most importantly, what you would like to do with your retirement, the best option for your pension could be to purchase an annuity to give you a regular income for the years to come or it could be to use drawdown to withdraw money from your pension pot as and when you need it.  There are advantages and disadvantages to both of these options but, when we help people decide what to do with their trustee pension schemes when they retire, we talk you through all of these so you can make a fully informed decision.

Once you have chosen which route you would like to go down with your pension, we can help you further with choosing an annuity that best suits your needs or helping you to draw and/or reinvest your pension pot in as tax efficient a way as possible.

Risk Warning: A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation