News

7 April 2011

Retirement Annuities

At the start of the new tax year on 6 April 2011, the government scrapped the requirement to buy an annuity at age 75 and introduced two alternatives, capped or flexible drawdown, to replace unsecured pension and alternatively secured pension. The key benefits of the new options are control over your pension assets, the ability to defer income tax liability on pension benefits and the chance to pass on your residual fund to beneficiaries now or in future. Whether you’re about to retire or have a few years to go, take professional advice today on what route is best for you to make sure you remain on track to achieve your goals.

Contact us today...

We have offices in Edinburgh, Glasgow, Aberdeen, Perth and London. You can contact us at any of our offices, or by email.

Carbon Financial Partners Limited is authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

The Financial Conduct Authority does not regulate some forms of tax advice.
Registered in Scotland #SC386400.
Registered Office: 61 Manor Place, Edinburgh EH3 7EG, Scotland.
© Carbon Financial Partners 2020
www.financial-ombudsman.org.uk

Client Account | Personal Finance Portal | Privacy Notice | Cookies

Site designed and developed by Art Department