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Welcome to
Pensions Options Direct
Our mission is to make purchasing a pension product a simple process by providing our customers with sufficient information to enable them to make the right decision about their pension. We can provide information on all pension options offering products from the “whole of the market” to ensure that you obtain the product that you want. By researching the market we aim to achieve the best Lifetime Pension rates as well as Drawdown rates.
Independent Pension Income Specialists
Pension Options Direct
Are you looking to access your pension?
If you are 55 or over you can access your pension savings. You can typically take 25% tax free cash if you wish and invest the remaining into a pension product. Our team of pension specialists and annuity brokers can enable you to understand the best pension option for you and search the whole of the market to obtain the best rates available for your chosen pension. We can even enable you to take your tax free cash and leave the balance invested with the highly reputable pension providers we use.
For your peace of mind we are directly authorised and audited by the Financial Conduct Authority for the sale of pension products including Lifetime Annuities (including Enhanced Annuities) and Drawdown products (including Fixed Term Annuities)
We cover the whole of the UK and are based in Ilminster in Somerset. We can offer retirement planning services to enable you to achieve your retirement goals whether that is an Annuity product to provide guaranteed income or a drawdown product to provide greater pension freedom.
We have a wealth of experience
Our Experience and knowledge enable us to help you plan for your retirement and access your pension in a tax efficient manner. We can offer you a range of different retirement products: whether you would like a Lifetime Annuity, Enhanced Annuity, a Fixed Term Annuity or a Flexi Access Drawdown product. We can provide the best annuity quotes and drawdown quotes through our access to the “open market option”. As experienced annuity brokers we use annuity calculators to enable you to understand the product options and will make the pension process easy for you. We are now also able to offer fully advised equity release through a 3rd party provider.
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.
We only use highly reputable providers
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 will help you to achieve the highest level of pension income.
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With 35 years of financial experience
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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.