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Sometimes you simply must take advice

There are some areas of pensions where you must take advice.

If your pension has what are called ‘safeguarded benefits’ of more than £30,000 you must take financial advice before you can transfer them to a different pension or take them as a cash lump sum.

Safeguarded benefits are company pensions which are defined benefit or final salary pension and personal pensions which have a guarantee such as a Guaranteed Minimum Pensions (GMPs) or Guaranteed Annuity Rates (GARs).

This is a complex area of pensions and you must get advice from a specially qualified adviser.

If you need help or advice - Contact us

As one of the most respected specialist retirement advisers, William Burrows and Better Retirement will be pleased to help you make the right decisions at any stage of your retirement journey.

Call or email now for a free and without commitment chat.

This website is run by William Burrows and publishes generic information on annuities, drawdown and other related retirement income matters. Any information you use is at your own risk and does not constitute financial advice.

If you require financial advice you will be advised by Better Retirement where William Burrows is authorised to give investment advice. Better Retirement Group Ltd is authorised and regulated by the Financial Conduct Authority, reference number 153420.