Retiring Soon

trio of womenPlanning your retirement from the railway should be started well before the date you're looking to retire. We would recommend that you start gathering your retirement projections at least 5 years before your retirement date, as there are many options to consider - some of which are not provided on your annual pension statement. 

Things to consider...

  • Should I take the maximum lump sum?
  • Am I eligible for the level pension option and is it advisable?
  • How will taking the level pension option affect my long term retirement planning?
  • For a small number of people it may be advantageous, to look at a drawdown option. This would normally have to be applied for before age 59.

Contact us if you want to have a discussion regarding your options or a face to face meeting may be possible depending on your geographical location.

pension forecast

contact us

OnTrack Financial Planning Ltd. is authorised and regulated by the Financial Conduct Authority FCA Firm Number: 566312
Registered in Scotland, Registered No.SC406825, Registered Address: 6 Wallace Brae Grove, Reddingmuirhead, Falkirk, FK2 0FF.