Employees can enjoy a guaranteed regular income for the rest of their life, by buying an annuity.
Our income drawdown facility, Income Release, lets employees take the income they need, when they need it.
Employees can take some or all of their retirement savings as a cash lump sum.
Leave it for now
Employees can leave their savings where they are, until the time is right for them.
If employees want to enjoy flexible access to their savings, they’ll need to move to an income drawdown plan.
Our Defaqto 5 Star rated drawdown product, Income Release, provides one of the highest quality offerings in the market, with a range of tax-free cash and income options. Here are some of the reasons why employees might consider using Income Release:
|Lump sum tax-free cash|
|Lump sum tax-free cash + regular taxable income payments|
|Lump sum tax-free cash + one off income payments|
|Regular tax-free cash|
|Regular tax-free cash + taxable income payments|
We offer support at every stage of retirement planning:
For more information about the communication and engagement you and your clients receive with a Royal London workplace pension please speak to your usual Royal London contact.