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RETIREMENT PLANNING

GETTING THERETIREMENTINCOMEYOU NEEDLET’S TALK HOW.

Whether your retirement is still a little way offor coming up quickly, it’s worth taking sometime to think about the income you’ll need forthe lifestyle you want. This can seem like areally difficult decision – who knows what they’llbe doing in five years’ time, let alone for adecade or two – but we have two pieces ofgood news for you.

First, you have much more choice than you may realise, whichcan include the flexibility to change your income if your situationchanges. This means you have a much better chance of settingup a retirement income that’s right for you.

Second, we’re here to help every step of the way – and, just asimportantly, we put you in the driving seat, so you can choosethe support you want.

This guide is designed to help you make plans. It starts by explaininghow you can work out where you are at the moment with yoursavings and then introduces all your different income options.

Finally, we look at getting from here to there, with some tips for thosewho still have some time to go and a more detailed explanation ofhow to set up your income if you’re close to retirement.

IT CAN BE ABIG DECISION.BUT YOU DON’THAVE TO MAKEIT ON YOUROWN

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This guide has everything you need to:

PLUS: A quick start section with easy ideas for you to act on right now.

Work out what you haveand how much you needfor your retirement

Understand all theoptions open to you

Make effective plans forretirement, whether it’scoming up soon or someyears away

3 STEPS TOYOUR RETIREMENT 0800 860 0053

Receive the support yourequire – everything frominformation and guidanceto full financial advice.

Guidance from thegovernment: Pension Wise

The government offers a free and impartialguidance service to help you understand youroptions at retirement. This is available viathe web, telephone or face-to-face throughgovernment approved organisations, such asThe Pensions Advisory Service and the CitizensAdvice Bureau. You can find out more by goingto pensionwise.gov.uk or by calling PensionWise on 0800 138 3944.1

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You’ll see our retirement service (also calledFidelity’s Retirement Service in full, or FRS toits friends) pop up a lot in this guide.

This isn’t just because we’re very proud of what they do. There arelots of different ways they can help people who are thinking abouttheir retirement income, so we’re highlighting their services wherethe information is most useful – next to the challenge or opportunityyou’re reading about. If you want to find out more about the teamitself – and all the things they can do to help – just give them a ringon 0800 860 0053 or turn to page 19.

Important information

This guide doesn’t give you advice or suggest youtake a particular course of action. Retirement incomeand pension planning are complex issues, and werecommend that anyone approaching retirementshould take independent financial advice.

The value of investments and the income from themcan go down as well as up so you may get backless than you invested. Eligibility to invest into apension depends on personal circumstances andall tax rules may change. With pension products,you will not usually be able to withdraw moneyuntil you are 55.

A QUICK WORDABOUT OURRETIREMENTSERVICE

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RETIREMENTQUICK STARTWe know there’s a lot to take on boardwhen you’re researching your retirementincome options. If you’re ready to dive innow, just go to the next page and read on.

However, if you need to leave the detailfor later, here are a few quick things youcan do that will help you get a lot closerto making plans.

Order a State Pension forecast at www.gov.uk/state-pension-statement to see if there are any gaps in your NationalInsurance contributions

Build a retirement budget with Fidelity’s free calculator

Contact your company and personal pension schemesto receive up-to-date valuations

Use our retirement options quiz to get an idea ofhow the different income options might work for you

Track down lost company pensions by calling the PensionTracing Service on 0345 6002 537 or by visitingwww.findpensioncontacts.service.gov.uk

Find personal pensions by ringing The Unclaimed AssetsRegister on 0844 481 8180

Consider Fidelity’s low-cost SIPP, which could be a greathome for your retirement savings

Bring your pensions together if you think they would beeasier to manage in one place.

The Government’s free and impartial Pension Wise servicecan help you understand your options at retirement:www.pensionwise.gov.uk or 0800 138 3944.

Call our retirement service on 0800 860 0053 for information,guidance or professional financial advice on anything to dowith your retirement income.

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This is the part where you add up everythingyou’ve saved and calculate how much youmight need for the retirement you want.

We won’t lie, there is some work involved, but it’s really worth takingthe time to get everything sorted, as it sets the foundations for all yourretirement planning. Plus, you may find that you have more savedfor your retirement than you thought, which is always a nice thingto discover.

What you’ve got

There are lots of different places where you may have retirementsavings. Some will automatically give you an income, whileothers provide you with a sum of money that you can use howyou wish.

The State PensionIf you’ve lived in the UK for any length of time, it’s likely that youmay be entitled to receive the State Pension and you can rely on itthroughout your retirement. The amount you get depends on a fewfactors – in particular, how much you’ve paid in National Insurancethroughout your career – but it probably won’t be enough on its ownto give you the retirement you want. To get an idea of just how muchyou can look forward to, visit www.gov.uk/state-pension-statementto order a free forecast.

It can be a lot easierto make plans for yourpensions if the savingsare all in one place.Our team can explain the advantagesand help you bring everything together.They can also help make sure it isin your best interests to do this foreach of the schemes you hold, which isparticularly important if you have any‘final salary’ pensions.

STEP 1WHERE YOUARE AT THEMOMENT

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Personal and Company Pensions

Next comes the big one for most people – private and companypensions. With the days of a ‘job for life’ long in the past, it’s likelyyou’ll have several of these, potentially with different providers.Getting up-to-date figures for all of them is essential if you want tomake effective plans for the future.

When you’re doing this, keep in mind there are two very differenttypes of pension.

Some company plans guarantee you a percentage of your finalsalary, based on the number of years you worked there. These‘final salary’ plans (also known as ‘defined benefit’ schemes) canbe very valuable, as you can rely on the income and have a verygood idea of how much you’ll get.

Other company plans, and personal pensions, work on the basisthat contributions go into a retirement fund that invests in a rangeof assets. These are known as ‘money purchase’ pensions andthey give you more control over what happens with your savings,during your working life and in retirement, but they also mean youdon’t know for sure how much you’ll have.

A pension statement will show you what’s currently there and give youan idea of the amount you’ll get if you use this money to buyan annuity (though it’s important to remember this is just one ofyour income options).

You can get the latest valuations for all your pensions simply bygetting in touch with the companies that run them. If there are anyyou think you’ve lost track of – which is surprisingly easy to do,particularly with plans you may have had earlier in your career– there are organisations that can help. Call the Pension TracingService (0345 6002 537) about lost company schemes and TheUnclaimed Assets Register (0844 481 8180) for personal plans.

PropertyIf you own a house, it’s likely to be the most valuable assetyou have.

There are some ways you can access this money, but none arestraightforward. The most cost-effective option is usually to downsize,especially if you have a large family home and your children havemoved away. That said, it’s important to work out the costs of anychange carefully. It may not release as much money as you hope,particularly when all the expenses of moving are taken into account.

Everything elseThere are lots of other places where you could have savings orinvestments, such as ISAs, stocks and shares, premium bonds andbank accounts.

While you may not think of this money as something that isspecifically put aside for retirement savings, do keep it in mind whenyou’re making your initial calculations. It will help you get a betterpicture of your prospects.

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What you’ll need

Planning ahead isn’t just about what you’ve put aside. To seewhere you are with your retirement savings, you also need toconsider how much you might need, so you can start to workout whether you have enough.

This might sound complicated, but we’re not suggesting you haveto calculate the costs of several decades of retirement down to thenearest penny. It’s just about getting a sensible idea of what youmay need. And, we’re happy to say there’s an easy way to do it.Just head to our website and use our free budgeting calculator. Itexplains everything you need to think about and then does all thecalculations for you.

Alternatively, if you’d like to work things out yourself, here are a fewpoints to consider.

Start with the essentials – Work out your current householdbudget for all the day-to-day bills, such as food, housing, petroland heating, as well as your other regular costs, such as counciltax, MOTs and insurance.

Add in other key costs – Some expenses only come up everynow and then, such as buying a new fridge, changing your car ormaking alterations to your house. It’s harder to budget for these,but they can be big sums, so if you leave them out, you could endup underestimating the income you need by quite a lot.

Don’t forget the discretionary stuff – Although this is where youcan cut back if you have to, it’s best to plan for the lifestyle youwant, from holidays and hobbies to birthdays, entertaining andeating out.

Think about how your costs could change – Spending patternscan change when you retire. Some may happen straight away(such as commuting costs or mortgage payments), while othersmay alter as you get older. For example, the early years ofretirement can be an opportunity to enjoy having more free time,but the amount you spend may reduce in the later years, as youstart to slow down a little. However, there can be a sting in thetail, as you may face the costs of long-term care in the final yearsof retirement. In addition, if you are putting aside regular savings,don’t forget to consider how they might change as you moveinto retirement.

Keep the state in mind – As well as your State Pension, youmay be eligible for government benefits that can help withsome of your retirement costs. These range from free traveland prescriptions to money for heating, council tax, rent andthe costs of additional help for the disabled.

Now that you have an idea of what you have and what you need, it’stime to take a look at your income options so you can decide whatwill work best for you.

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There are several ways you can take an incomefrom your pension savings – each with their ownstrengths and weaknesses. However, the keypoint to remember is that you don’t have topick just one.

You can use as many or as few as you need, in whatever

combination is right for you – and, in some cases, you’ll be free to

change your mind later as well. In fact, you can even access these

options while you’re still in work (from the age of 55) or opt to use

none at all and defer your retirement for as long as you want.

Some of these retirement options, are open to final salary pension

schemes as well. If you’d like to find out how this works, and

whether it’s worth considering for your savings, just call our team

on 0800 860 0053 and our advisers can take you through it all.

0800860 0053

STEP 2WHAT YOUCAN DO WITHYOUR PENSIONSAVINGS

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Cash withdrawal(UFPLS)

Flexible income (drawdown) A guaranteed income (annuity) Waiting for later

With an Uncrystallised Funds PensionLump Sum (or UFPLS for short) you cantake out as much as youwant straight away and use it forwhatever you want

25% will be tax-free

75% will be taxed just like your earnings,so if you take a large sum,you could move up a tax band

If you take too much, you may nothave enough left to live on in retirement

If you have a pension worth less than£10,000, you can take this as a smallpots lump sum.

You can take up to 25% of yourpension as a tax-free lump sumstraight away, if you want

The rest of your money stays investedand you take withdrawals wheneveryou want to give you an income. Youwill have to pay tax on this money afteryou have used up your full 25% tax-freelump sum

You are in control, so you can choosehow much you take and how often

If you take too much, or yourinvestments underperform, youmay run out of money

You can leave any funds youdon’t withdraw to your family,other beneficiaries or charitiesof your choice

You can take up to 25% tax-freestraight away, if you want

You can then give all or a portion ofyour money to an insurance companyand they pay you an agreed income(usually for life)

There are lots of options for thisincome, such as inflation protectionand a spouse’s pension

With low interest rates, you may notget very much income for your money

You may be able to pass somethingon if you select the right options, buteven then there is less flexibility thanyou would have with drawdown

If you defer your retirement, yourpension has more time to grow(though there are no guaranteesthis will happen)

You may also boost the amount youreceive from the State Pension eachmonth when you start taking it

You can leave any money inyour personal pension to your family

Your income options: In brief (Turn to the next page to find out more about your income options, in full)

One important point to keep in mind is that some of these options will limit your ability to add to your pension in future, as they triggersomething called the ‘money purchase annual allowance’. This has the effect of reducing the amount you can contribute to your pensionand obtain tax relief on to £4,000 per tax year. For more information on this please see our factsheet at fidelity.co.uk/mpaa.

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Your income options: In full

Making a cash withdrawal

It’s hard to avoid jargon in the investment industry, but one ofthe frontrunners for the ‘most complicated term’ award is theUncrystallised Funds Pension Lump Sum (or UFPLS, for short). Allit means is taking money out of your pension after the age of55, without taking all the tax-free cash in one go.

How it worksThere are two main ways you can think of this.

First, if you only want to withdraw some of your pension, you’ll get25% of whatever you take out as tax-free cash and you’ll haveto pay tax on the rest as if you’d earned it. It’s worth keeping inmind that if it’s a large sum, it might push you up a tax bandor two, which would mean you’d see a fair amount going tothe taxman.

The second way people use UFPLS is to take their entire pensionas cash when they retire. This is potentially a high-risk strategyand you need to keep in mind that your pension savings weredesigned to provide for you throughout your retirement.

If you do decide to use UFPLS, please remember that it will triggerthe money purchase annual allowance (this will limit your ability toadd to your pension in the future), so there may be charges if youcontribute more than £4,000 a year in future.

Why consider it?You may be wondering why someone would use UFPLS to makea taxed withdrawal from their pension when they could just retire(from the age of 55) and then take 25% of their entire pension asa tax-free lump sum. There are a couple of potential reasons. Insome cases, it might be that your pension provider doesn’t offerdrawdown, so it’s the only way you can access your money withoutbuying an annuity or changing provider. (Just to note, Fidelity offers arange of income options, so you won’t have to do this with us.)

Alternatively, there are times when it might allow you to limit thetax you pay, as it gives you a way of taking your tax-free cash instages. Drawing the income in this way will help preserve the valueof your fund and maximise the tax efficiency of the withdrawals forincome tax purposes. For example, if you are a basic-rate tax payer,you could withdraw an amount each year that keeps you under thehigher tax rate band. This would then leave you with a higher annualnet income.

For more information about this option, and all the things you need tothink about, just download our free factsheet on our website.

Thinking abouta cash withdrawal?

Getting an expert opinioncould help you make sure it isthe right thing for you – and,if it is, our team can discussyour situation to limit theamount of tax you pay. Callus on 0800 860 0053.

0800860 0053

CASH WITHDRAWAL

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Taking a flexible income

Next, we come to ‘pension drawdown’, which is arguably theeasiest of these options to understand, particularly if you haveany other investments, such as ISAs.

An income you controlWhen you move money into drawdown, you have the option oftaking up to 25% tax-free straight away (just as you do with buyingan annuity) and the rest then stays exactly where it is in your pensionplan. You can choose what funds it is held in and take as much oras little income as you want, whenever you like. This means that,for example, you could take a higher income when you first retire(and are likely to be more active) and less in later years.

There’s even the option of buying an annuity further down theline, with whatever money remains invested, though you need toremember that annuity rates could change during this time.

Advantages and drawbacksThe big advantage of this approach is that you stay in control andcan choose exactly how much you take. There’s also the potential foryour pension savings to keep growing – though there’s no guarantee– so your income may be able to keep pace with inflation.

Of course, there is the flip side that if you take too much out ormake poor investment decisions (or, more likely, the market doesn’tperform as you expect and the value of your pension falls), youcould run out of money. In fact, even if everything goes to plan,there is still the potential to outlive your savings.

There are also tax implications for this sort of income, as thewithdrawals you make after you’ve taken your 25% tax-free lumpsum will be taxed like any other income – and if you take largeramounts, they could move you into a higher tax band.

You also need to remember that once you take any money outthrough flexi-access drawdown (apart from the tax-free lump sum),

any future contributions you might make will be limited for tax reliefpurposes, to the money purchase annual allowance. See factsheetfor details.

Points to considerIf you’re thinking of going down this route, a point to consider is whatsort of income you receive.

One option is to put your money in investments that are designedto produce an income (such as equity income and bond funds)and just take whatever they pay out.

This is known as ‘natural income’ and it gives you a betterchance of your investments lasting for longer, but it also meansthe income you receive will vary – and it may not be as muchas you need.

The alternative is to make withdrawals from the capital.These can be as much as you want, but they are likely to eatinto your savings, unless you achieve high growth or you don’ttake very much.

Our team specialise in every aspect of these decisions – fromhow much to take at the start (and when to take it) to planninga sustainable income for the long term and building aninvestment solution, which makes the most of Fidelity’s rangeof investment options.

Ready to discussdrawdown?

There’s lots we can do tohelp you in the run-up toretirement, and planning fordrawdown is important. Justgive our experts a call on0800 860 0053.

0800860 0053

PENSION DRAWDOWN

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Buying a guaranteed income

If you want peace of mind, an ‘annuity’ could be whatyou need.

An income for lifeYou can use as much, or as little, of your pension as you want tobuy an annuity (not forgetting the option of receiving up to 25% asa tax-free lump sum first). This money goes to the annuity provider(normally an insurance company) and they pay you an agreedincome for the rest of your life – no matter how long you live.

If you have any medical conditions, you may receive a higherincome, and there’s normally the option of adding a pension foryour spouse that continues after you pass away.

What’s more, buying an annuity doesn’t normally mean you willtrigger the money purchase annual allowance, so it can allow you totake an income from your pension and continue contributing largeramounts to it. For more information on the money purchase annualallowance read our factsheet.

A couple of drawbacksPut like that, you may wonder why everyone doesn’t just buyan annuity, but there are two main drawbacks. With the partialexception of a spouse’s pension, they only last as long as you do,so there’s less scope to leave anything to your family. (A fewannuities do repay some of the money if you pass away within upto thirty years of buying them. Others may offer ‘value protection’where they repay the original amount, minus any payments thathave already been made. However, including these options willmean your starting income is lower.)

Even more importantly, the income they pay is based on interestrates, which are currently low. If you go for a flat rate or ‘level’annuity, it won’t rise in line with inflation, so it will have less and lessvalue over the years.

It can also be difficult to find the right annuity for your needs, asthere are lots of options out there and shopping around is essentialto get the best rates. Most annuities can’t be sold, so once you’vebought them you can’t normally change your mind, which means it’seven more important to get the decision right first time.

For more details about annuities and how they work, just visitour website.

For something with a simple outcome (an income for life), annuitiescan be really complicated. Talk to our team and we can helpyou make sure they’re the right option for you – and then find thevery best annuities for your needs from across the whole market.

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ANNUITY

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Deferring your retirement

If it looks like your retirement savings aren’t going to give youthe income you need, or you’re just happy at work and don’twant to stop any time soon, there is the option of deferringyour retirement.

This means you can continue building up your savings and, asmoney won’t be coming out, what’s already there has more chanceto grow. At times, it can also pay to defer the State Pension, as youcan get a larger monthly income if you wait to start receiving it. Thatsaid, the rate for deferring has just decreased significantly, so it’sworth investigating this further if you’re considering it.

If you’d like some help with this complex decision, call our retirementservice on 0800 860 0053.

Leaving a legacy

If you use drawdown or choose to defer your pension, you havethe option of leaving something for your family.

This can be a very effective way of looking after your loved ones, asany money passed on through a pension is tax-free if you die beforethe age of 75. (As long as you don’t go over the lifetime allowance– call our retirement service if you need to know more about this orvisit fidelity.co.uk/lta) After this age, money can normally be left toa spouse or child and any income they receive will just be taxed attheir usual income tax rate.

It may not be the nicest thing to think about when you’re ready tostart retirement, but if you talk to us while you’re planning yourincome, we can help you make sure your family are lookedafter by your pension after you pass away. Do remember it ispossible to pass on your pension to your family or loved onesthrough other pension options, however they tend to be lessflexible and you need to choose the options when you first set thearrangement up.

It really is worthremembering that youdon’t have to pick just one

of these options for your retirementincome. We believe most peoplewill want to use a combination ofthem, which may even change overthe years. If you need some helpworking out how to ‘blend’ themtogether, just give our experts acall on 0800 860 0053.

WAITING FOR LATER

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STEP 3HOW YOU GETFROM HERETO THERE

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We have split this step into two parts, as themost important things to think about depend onhow close you are to retirement.

If you’re still some way from retirement

In step 1, we looked at how to work out where you are at themoment – and whether you have enough for the retirement youwant. If you’re not quite there yet, there’s still time to calculatehow much you might need for the retirement you want. Inparticular, you could:

Pay more into your pension fund. We know this is easy to sayand harder to do, but if you can find anything extra to put aside,you have a great chance to make the most of the tax relief onyour pension scheme, which gives you a contribution boost fromthe government. This doesn’t have to come from your salary. Itcould be from other savings, a bonus, a redundancy payment oreven an inheritance.

Just remember the amount you can pay into your pension andreceive tax relief on per year is restricted to £40,000 (the annualallowance) or 100% of your earnings if they are below this level.There is also a lifetime limit which currently stands at £1million.

If you are subject to the money purchase annual allowance yourannual allowance will reduce to £4,000. What’s more, if you earnover £150,000, your annual allowance may be gradually reduced –all the way down to £10,000 if you earn £210,000.

That said, you may be able to contribute more than theannual allowance, thanks to the ‘carry forward’ rules.

Just visit our website to download our range of free factsheetsthat explain what’s involved.

Pay voluntary National Insurance contributions. The idea ofgiving more money to the government may sound strange, butin some cases, you can boost your State Pension by filling in anygaps in your National Insurance record. Just head to www.gov.uk/check-national-insurance-record to find out more. Whilethere are no guarantees, the income you get back for eachpound you pay is likely to be worth a lot more than you wouldreceive from paying into a personal pension.

Work for longer. A few extra years in employment can make ahuge difference to your retirement situation. Many people opt fora less demanding role or to work part-time. It allows you to deferthe State Pension (which boosts the amount you get each monthwhen you do retire) and gives your other pension schemes moretime to grow.

Bring your pensions together. If you find a low-cost home foryour pensions, you’ll pay less in fees, which means there’s morescope for your money to grow. With everything in one place,you’ll also find it easier to manage your money, which can helpyou make the most of it. However do remember you could losevaluable benefits or even be charged for changing provider.To find out how we can help you bring your pensions togetherin Fidelity’s low-cost SIPP, (including checking your existingarrangements) just give our team a call on 0800 358 7486.

Whether you’re on track or not, you can also make a big differenceto your retirement prospects by starting to think about your incomenow. Turn to the next page to find out more.

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If you are close to retirement

Things to considerWhatever options you’re looking at for your income, here are a fewthings to think about.

Basic living expenses: The experts in our retirement servicesuggest that once you’ve worked out how much you need forbasic living expenses, you should consider covering them witha ‘secure’ income. If you don’t get enough from the State Pensionand any final salary schemes, you may want to look at an annuityfor this part of your income.

Irreversible decisions: It’s an obvious point, but if there are anydecisions in your retirement plan that you can’t go back on – suchas buying an annuity or selling your home – make sure you thinkit through in detail. Your retirement could last 20 years or more,so your situation is likely to change and some flexibility in yourplans could be very valuable.

Tax: The way you take your retirement income will affect howmuch tax you pay. With good timing, and careful planning, youcan limit this bill.

Inflation: Your retirement plan may look spot on for giving you anincome over the next few years. But what happens once inflationreally starts to eat away at the value of your savings, especially ifyou are relying on a fixed income? Inflation is low at the moment,but this may not always be the case.

Longevity: Rising life expectancies are great news for all of us,but they put even more pressure on retirement savings. Whenyou’re making plans, keep in mind that you may need to fundtwo or three decades of retirement.

Withdrawals: If you take too much income from your savings,they may not last as long as you do.

There’s a range of tools on the Fidelity website that may make someof your choices a little easier (such as our cash calculator, annuityquotation portal and options quiz) and our retirement service cangive you some support as well.

Just give them a call on 0800 860 0053 and they can take youthrough all the different pension options (including a free, initialno obligation drawdown illustration), as well as giving you somegeneral retirement guidance. They can also give you specificadvice and investment recommendations, if you feel this is thesupport you need. For a full breakdown of all our products, servicesand charges please visit our website.

Important information The value of investments can fall as well as rise so you may get back less than you have invested. Tax savings and eligibility to investin a SIPP depend on personal circumstances. All tax rules may change in the future. You cannot access the money held in a pension until minimum pensionage which is currently 55. Pension drawdown is complex and may not be right for all clients, advice will need to be obtained and charges may apply. Pensiondrawdown income is not secure. You and your adviser, if you have one, control and must review how your pension is invested and how much income you drawwithin the applicable limits. Poor investment performance and excessive income withdrawals can deplete your pension pot leaving you with less income thanyou require. You need to be realistic about how tolerant to risk you are and to be aware of your capacity to withstand loss of capital, should markets go down.Past performance is not a reliable indicator to what might happen in the future. This information is not investment advice and must not be used as the basis ofany investment decision, nor should it be treated as a recommendation for any investment.

You may have noticed we’ve highlighted our retirementservice once or twice throughout this brochure. They cangive you information and guidance, as well as personalfinancial advice from a team of fully qualified advisers, whoare paid a salary by Fidelity. Our experts do not receive anycommission from their recommendations.

Whatever you’re considering for your income – or if you’veread through this guide and you’re just not sure what do to –they can help. Their support covers:

Making sure you have the right income mix for yourneeds (with detailed personal advice on the full rangeof retirement options)

Using the State Pension effectively

Detailing suitable investment solutions for adrawdown portfolio

Achieving the optimum income through an annuity purchase

Taking cash withdrawals in the most effective way

Minimising the tax you have to pay on your incomeor withdrawals

Ensuring you don’t miss out on valuable benefits ifyou choose to bring your pensions together

Leaving a legacy for your family from your pension

Remember, when you’re planning your retirement income, youcould be making decisions about thousands of pounds – andyour choices will have life-long implications. Paying for an expertto help ensure you’re getting the maximum possible benefit fromyour retirement savings could be a worthwhile expense.

GET THE EXPERTSINVOLVED

FIDELITY’S RETIREMENT SPECIALISTS

Call today on

0800860 0053

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Guidance from thegovernment: Pension Wise

The government offers a free and impartialguidance service to help you understand youroptions at retirement. This is available viathe web, telephone or face-to-face throughgovernment approved organisations, such asThe Pensions Advisory Service and the CitizensAdvice Bureau. You can find out more by going topensionwise.gov.uk or by calling Pension Wiseon 0800 138 3944.

Issued by Financial Administration Services Limited, authorised and regulated by the Financial Conduct Authority.Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited. UKM0317/19174/SSO0817

Review where you are at the moment(remember that you can talk to PensionWise as well as us, for help on this).

Understand your options andthink about what you needfrom your retirement income

Call our retirement servicefor help when you are makingyour plans

Call 0800 860 0053

READY TOGET STARTED?

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