Retirement Control
Income in retirement
Retirement Control is a personal pension plan that allows you to build up a pension fund by making transfers from other pension plans and paying in single contributions. When you’re ready to take an income from your pension fund it lets you stay in control.
You control where you invest your fund, how much income you take, how much tax-free cash you take and when you take it — and you could leave something behind for your dependants. Please be aware that any income or tax-free cash you take from your pension fund must be within limits set by the government. You also need to be age 55 or over to take your tax-free cash or any income.
Retirement Control is designed to help you manage your income through the various stages of your retirement, while giving you the potential for investment growth. We know you expect a superb investment choice when it comes to your retirement and we believe we deliver that. Our range of AEGON pension fund offers you a wide choice of funds and tailor made investment portfolios. Please remember, the value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested.
The self-invested option is likely to appeal to those who like to take control of their retirement planning, and want more choice than a conventional personal pension can offer. You can access over 1,400 funds through our Fund Supermarket. But it doesn’t stop there. You can also invest directly in the stock market or in various property investments such as residential and commercial property funds. And there are many other allowable investments. Our Retirement Control plan can also accept protected rights into the self-invested element.
If you choose to self-invest, any additional charges would depend on the investments you choose and the size of the investment. Investing in property, along with other asset classes, can help you build a balanced portfolio. However, property investments, like any other asset class, can go down in value as well as up.
Retirement Control may be suitable if...
Retirement Control could be right for you if you want to control:
- How much income you take
- When you take your income
- How and when you take your tax-free cash
- The death benefits you leave
- Where you invest your pension fund
See more about how Retirement Control works.
Retirement Control may not be suitable if you...
- want the security of a guaranteed income paid for your lifetime
- prefer to take less responsibility in making investment choices
- don’t want to have to regularly monitor your plan
So you can make the right decision about what's right for your needs, it's a good idea to talk to your financial adviser.
If you don't already have one, you can use our 'Find an IFA service' to search for an adviser near you.
How to apply
Find out how to apply for our products and where you can find out more about the choices available to you.
Plan today, enjoy tomorrow
Do you know how much you’ll need to live on when you retire? Our online tools can help you add up your current and future costs.
Next steps
If you would like more information you should talk to a financial adviser.
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