In order for you to make an informed decision at retirement, MDL Financial Services will provide you with the most up to date advice coupled with a professional service which will enable you to exercise which ever choices you make.

The number of options available to you at retirement depends on the type of pension you have and whether you are a director with more than a 5% shareholding in the company from which you are retiring.

The main options at retirement vary, but are broadly:

• Take a tax free lump sum - 25% of your retirement fund / 1.5 times your final salary
• Purchase an annuity
• Purchase an Approved Minimum Retirement Fund (AMRF)
• Take a taxed cash lump sum
• A combination of the above options

It is important to consider all of your retirement options. At MDL Financial Services we will be happy to discuss these options with you in greater detail.

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