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Personal Pension Scheme No.1
(for Income Withdrawal).
At a Glance
What is it?
- Allows your client to draw an income directly from their pension fund until it suits their personal circumstances to buy an annuity.
- Enables them to take a tax free cash sum (if allowable).
- Allows them to invest in a variety of funds whilst an income is drawn.
- Allows nominated beneficiaries to be provided with an income or lump sum if your client dies before taking an annuity.
Consider if your clients...
- Want to defer annuity purchase and would benefit from the flexibility of income withdrawal.
- Wish to switch funds to suit their needs and changing attitude to risk.
The value of investments can fall as well as rise and is not guaranteed.
Why choose us?
We're one of the UK's leading financial services companies.
As at 30 June 2011, we were responsible for investing £370 billion worldwide on behalf of investors, policyholders and shareholders.
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Email us for an Income Withdrawal quote.
Or contact us on 0845 3008008
We may record and monitor calls. Call charges will vary.
Or contact us on 0845 3008008
We may record and monitor calls. Call charges will vary.
Key documents
Member’s Booklet (W8249)
PDF: 279KB
PDF: 279KB
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Pensions
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© Legal & General Group plc 2012
