If you're thinking of retiring early, you need to make sure that you've built up a pension fund large enough to see you through a long retirement. We've developed a Pension Annuity Calculator that can tell you how much income you could get from your pension fund and what kind of annuity options may be suitable for you.
You also need to bear in mind that, you can't usually take your retirement benefits before you reach your 55th birthday. To find out if you are eligible to take your benefits before these dates speak to your financial adviser. If you don't have an adviser, you can visit www.unbiased.co.uk
Your retirement could last for more than forty years. You need to think about several things when you consider whether you can afford to retire now, including:
Use our Pension Annuity Calculator to find out.
Choosing how to fund your retirement is a big decision, so you need to be sure that you choose the right option for you. Read more about ways to fund your retirement.
If your estate is worth more than the current inheritance tax threshold of £325,000 for 2014/2015, you should talk to your financial adviser about inheritance tax planning. If you don't, your family may be left facing a large tax bill when you die, please note tax rules may change in the future. If you don't have an adviser, you can visit www.unbiased.co.uk
If you change your retirement date, there's a chance that it may affect the value of your retirement fund. You should talk to your pension provider to find out what could happen before you make your decision. If you have a pension fund with Aviva, give us a call on 0800 533 5195.
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For new policy enquiries or information on our products please call
0800 256 8977
For our joint protection, telephone calls may be recorded and/or monitored.Or, arrange for one of our team to call you back at a convenient time.
If you are an existing Aviva customer and would like further information on retirement please call
0800 533 5195
For our joint protection, telephone calls may be recorded and/or monitored.
We've got a number of calculators to help you get your finances under control.
Register for our online service where you can securely access details of your existing policy.