What is a Cash-Out Retirement Plan?

Choosing our Cash-Out Retirement Plan means you’ll get a pre-arranged regular income over your chosen period of between three and 25 years. Our Cash-Out Retirement Plan does not provide an income for life but you may sometimes hear or see this type of plan called a fixed term annuity. To apply, you must be aged between 55 and 85 and have at least £10,000 left in your pension pot, after you’ve taken any tax-free cash.

Our Cash-Out Retirement Plan can be tailored to suit your retirement needs and you can even choose optional extras. Please be aware, the options you pick will affect the level of income you’ll get.

It’s also worth shopping around and getting as much advice as you can, before you decide to buy. Other providers, may have more appropriate products, that provide a higher level of retirement income.

  • Choose the length of your plan
  • Get a fixed income
  • Could be used as an income top-up