Drawing down on your pension is a very important financial milestone. After all, you have worked hard for many years to build up a decent pension fund and you will want to get the maximum benefit from it.

The rules on drawing down on your pension for UK residents are largely set in stone and you can have 25% as a tax free lump sum with a reduced pension or no lump sum and a larger pension.

When you retire you are faced with a number of things all competing for your finances - a new car, dream holiday, paying off loans and credit cards, or helping out your children (again), to name but a few. Getting as large a lump sum as possible is of paramount importance - this could possibly be the last sizeable lump sum that you will receive during your lifetime.

At PensionKey.com we do not hide the fact that we make our money from our clients via annual fund advisor commission. We want you as a long term client and we are prepared to pay an incentive for this to happen. Once you become a client then as long as you stay with us we will be paid an advisor fee for life and why try to hide the fact. Whoever you are with as a pension provider will charge you an annual management fee and this will be paid to your financial advisor.
Please remember that PensionKey.com has no access to your pension funds and we could not do anything with your money even if we wanted to. Your pension is fully protected by your UK pension trustee who is also fully FSA regulated.

HOW CAN YOU GET 40% AS A LUMP SUM WHEN THE UK STANDARD IS 25%

UK drawdown rules say you can take from age 55 a tax free lump sum of 25% of your gross pension fund plus an income either monthly or annually.
1. PensionKey.com will take your existing pension fund or combined funds and transfer them to a fully FSA regulated UK SIPP (Self Invested Personal Pension) provider.
2. PensionKey.com will arrange all necessary paperwork with your new SIPP provider to enable you to draw down your 25% tax free lump sum.
3. PensionKey.com will arrange for you to draw down on the income part of your pension taking the initial income payment annually in advance. If you are not ready to draw down on income then your lump sum available will be 35% instead of 40%.
4. PensionKey.com will then pay you an additional 10% lump sum as an incentive for joining our vast network of clients which stretches all across Europe! Our team of highly qualified financial advisers will then ensure your remaining funds are managed as to give you income, growth and above all capital protection.

WHY SETTLE FOR A 25% LUMP SUM FROM YOUR PENSION WHEN PensionKey.com CAN GIVE YOU 40%