With the Harsant SSAS you have a range of choices when you decide to retire. Your pension fund is designed to work for you and your retirement plans.
At any age after your 55th birthday (50th birthday if before April 2010) you can take an income from your pension fund.
You may decide to draw an income from your pension fund and continue working – ideal if you are looking to reduce the number of hours or days you work. You can have phased income right up to age 75, allowing you to retire gradually.
Having decided to start taking an income from the SSAS your part of the fund will be calculated. You can take up to 25% of the total value of your fund as a tax free lump sum. The remaining 75% can either be used to;
- Purchase an annuity from an insurance company, which is guaranteed to pay a pension income for life at an agreed yearly rate.
- Alternatively you can receive your pension income directly from the SSAS. This is known as an Unsecured Pension and you can continue to invest your money through the SSAS whilst drawing an income.
Whichever option you decide, the Harsant SSAS offers you control and flexibility.
