PENSION OPTIONS DIRECT
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Welcome to
Pension Options Direct
Independent Pension Income Specialists
At Pension Options Direct we make purchasing a pension product a simple process. Whether you are looking for the flexibility of a pension drawdown, a guaranteed income of a pension annuity, or just some assistance with your retirement planning and how to access your pension in a tax-efficient manner, we can help you to achieve your retirement goals.
After listening to your retirement plans and learning about your pension assets, we search the whole of the market to obtain the best pension products for you based on your needs and preferences. We give you the pension information you need so that you can choose and make the right decision about your pension pot.
How we can help with your pension options
Our independent pension income specialists can help you to realise your best pension options as you approach retirement.
We have a team of pension specialists and annuity brokers who provide information about the different types of pensions and their advantages and risks so that you understand your best pension option.
We use a ‘whole of market’ approach to find the best annuity and drawdown rates. By obtaining quotes from all the major pension providers we help you to achieve the highest level of pension income.
Our retirement planning services help you to achieve your retirement goals. So, whether you are thinking about taking an annuity product to provide guaranteed income or a drawdown product to provide greater pension freedom, we will support you.
Why Choose Pension Options Direct?
Our Products and Services
Enhanced Annuities
Pension Options Direct
Enhanced Annuities are Lifetime Annuities which also take into account your Lifestyle and Health Conditions. These can provide a greater level of pension income.
Lifetime Annuities
Pension Options Direct
A Lifetime Annuity will provide you with an income for the whole of your life with no surprise and can if you wish also support your spouse in the event of your death.
Fixed Term Annuities
Pension Options Direct
Despite the name Fixed Term Annuities are actually drawdown products which provide greater flexibility and have a relatively low risk by providing guaranteed returns.
Flexi access Drawdown
Pension Options Direct
Flexi Drawdown products provide a flexible way to take your pension and range from relatively low risk products to high risk products. Whilst providing flexibility this product does not give a guaranteed pension income for the whole of life.
Releasing Tax Free Cash
Pension Options Direct
When you are 55 or over you can access your pension and if you wish take a tax free lump sum. You can then invest the remainder in a pension product and either take an income or keep it invested. You can normally take a 25% tax free lump sum.
Tax Free Lump Sum
Pension Options Direct
If your pension has not been crystalised (accessed previously) you can take a tax free lump sum from your pension. This is normally in the form of a 25% tax free lump sum payment but some schemes do have enhanced benefits.
State Pensions
Pension Options Direct
We have provided some useful government links including a State pension Age Calculator so you can see when you can take your state pension. You can also see your State Pension Forecasts and other useful links.
Equity Release
Pension Options Direct
Equity Release is becoming a popular product with people using the equity on their property to support their pension income or provide them with cash to use for many different purposes. Through a 3rd Party provider we can use an equity release calculator to find the best equity release mortgage (lifetime mortgage) interest rates suitable for your needs.
Local and UK-wide professional and independent retirement planning
Based in Ilminster, Somerset, we offer face-to-face meetings for people living in Taunton, Yeovil, Barnstaple, Bridgwater, Glastonbury, Shepton Mallet, and the Wells areas. If you live further afield in the UK, then we can discuss your pension options on the phone, by video meetings or via email.
Considering Taking 25% Tax Free from your Pension?
Often people come to us at 55 and ask us about taking 25% of their pension pot as a tax-free lump sum.
We discuss this together with all of your pension options whilst understanding your health, lifestyle, and retirement wishes. You then choose the best mix of how to take your pension and we take care of all the admin.
We Will Assist You With Your Pension
At Pension Options Direct , our independent pensions specialists will provide help and support to find the most suitable pension option for you.
What Pension Options do We Offer?
Low-risk pension products are one of our specialties such as Lifetime Annuities with payments guaranteed for the rest of your life and Enhanced Annuities for those with medical problems or less healthy lifestyles seeking higher income.
We also focus on Drawdown products such as Guaranteed Drawdown. This allows you to leave your pension pot invested or to access your Tax-Free Lump Sum which is normally up to 25% of the total pension investment and draw a regular or ad hoc income from it.
Also, we offer help with Equity Release through a third party on a fully advised basis.
3 simple steps to making the best pension options
Step 1 – Talk to us
Call us for a free no-obligation consultation to understand your pension pot and needs.
Step 2 – Receive information to help you choose your pension mix
We provide the information you need to help you choose the type of pension you would like.
Step 3 – Get the best pension rates and make the right decision
We search for the best rate quotes from all the major pension providers of the whole market. You make the right pension decision to meet your retirement goals then leave the application to us.
