Pension HealthCheck

Pension HealthCheck

Our Pension HealthCheck can advise on:

Income Drawdown

25% Tax-free lump sum – if you’re 55 years of age or older, you might be able to take a tax-free lump sum from your pension.

Investment growth – a drawdown pension allows you to keep your savings invested, meaning your money could continue to grow, unlike if you purchase an annuity.

Pension Transfer

Lower fees and charges – there can be huge differences between different pension policies and the charges they incur.

Reduced risk – as you get closer to retirement, a higher risk pension may not be suitable for your personal circumstances.

Final Salary Pensions

It’s a legal requirement to seek professional financial advice from a fully qualified adviser who is authorised by the Financial Conduct Authority (FCA), if your pension is valued over £30,000.

At Pension Works – we hold the necessary qualifications to advise on Defined Benefit (Final Salary) pensions.

Pension Consolidation

Reducing charges – your pensions may have different annual management charges, some lower than others, so it could make sense to combine your pensions into one with lower fees.

Easy to track – it’s critical to keep a close eye on your pension savings. Moving them into one pension scheme could mean you don’t lose track of your money.


HealthCheck Family

Retirement Planning

When it comes to retirement, it’s not just about how much your pension is worth and your retirement lifestyle, it may include looking to secure the future of your dependants too.

You may also have to plan for a time when you might need to pay for help around the house or for the likelihood of needing medical and nursing care in your later years.

Our Pension HealthCheck service helps you professionally plan for many aspects of your retirement.


Peace of mind

We work with all major UK pension providers allowing us to find the pension that helps you meet your retirement goals, and ensures your retirement is in experienced hands.

Pension Fees Calculator

Our free pension HealthCheck will carefully assess whether your private pension is being consumed by excessive fees or hidden charges, which could be preventing you from retiring with extra funds.

Simply provide your pension pot size and age below, to calculate how much we could help your pension grow:

The higher the charges, the longer it may take you to retire and the less you could be retiring with.