Income options from Standard Life
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Annuity
You buy an annuity, which gives you a guaranteed income for life, with the funds you've saved in your pension. The amount you get is based on factors like age, gender and how much you've saved as well as the options you've chosen. Your income will be taxed under the Pay As You Earn (PAYE) system.
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Synergy Approved Retirement Fund (ARF)
This is a way to control your retirement income while keeping your retirement fund invested. It gives you the flexibility to decide where you want to invest and to vary the amounts you want to withdraw
Warning: The value of your Approved Retirement Fund investment go down as well as up
Warning: Your Approved Retirement Fund investment may be affected by changes in currency exchange rates
Warning: If you invest in an Approved Retirement Fund you may lose some or all of the money you invest
Warning: Income from your Approved Retirement Fund may go down as well as up
Got questions?
Of course you'll have questions! Visit our pension FAQs to find some of the answers, and remember we're always here to help.
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Looking for more information?
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What are my retirement income options?
Understanding the ways you can take your retirement income. which is right for you?
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Your income in retirement
Understanding your income options and how you might be taxed