Please note: To use the Retirement Options tool, you’ll need to input the figures which you’ll find with your retirement statement. If you don’t have one feel free to contact the Plan administrator, Willis Towers Watson on 01707 607616 or by email: howdenjoinerypensions@willistowerswatson.com
This video shows you how the tool works.
Additional support or information is included on the tool if you select the (i) symbols:
The tool also uses pop-ups, like when you print out your report, so you’ll need to enable them in your browser.
Before you use the Retirement Options tool
Please note that:
- The tool is for information purposes only – it provides an overview of your retirement options based on the information you input. You should not take action on the basis of the information provided from this tool alone.
- The tool is not financial advice – for analysis of your personal circumstances, advice on the options available, the risks associated with these options and a recommendation of how to proceed, please contact a FCA regulated financial adviser.
- The figures shown in the tool and on your retirement statement are based on you being in good health – your retirement quote should give you more information on the options available from the Plan. What you could get from the Plan could be different if you are in ill-health.
- The tool does not take into account the impact of any tax, in particular, income tax and the Lifetime Allowance.
- The tool assumes you take a steady income if you have transferred your savings to a drawdown arrangement until the age shown.
- The benefits described in the tool are simplified – the full details are in the Plan’s Rules, which is what determines your benefits.
- This tool is provided by the Trustee of the Plan and is the property of Willis Towers Watson – who can change or stop it at any time with no liability to you. For your security, once you close the tool, the information you provide will not be stored. The tool uses annuity rates provided by HUB Financial Solutions.