Access your tax free cash and income

Limited time only* — enjoy the best of both worlds with the LV= Special Edition One Year Fixed Term Plan

The LV= Special Edition One Year Fixed Term Plan enables you to access your tax-free cash and take income from your pension fund for 12 months, yet still keep your retirement income options open for the future.

Since its launch in April, this Plan has proved popular with many people. So we are reminding our clients that this Plan is offered for a limited time only. This could be your last chance to enjoy the best of both worlds: access to your tax-free cash and income, without tying yourself into anything long term.

Request a quote today and see how the LV= Special Edition One Year Fixed Term Plan gives you:

• Access to your tax-free cash - which can be up to 25% of your pension fund.

• Optional regular income payments - arrange income payments for the next 12 months if you need them.

• No tie-ins - with the freedom to buy an annuity, take the income drawdown route or release your cash (subject to legislation) 12 months from now.

Why it may not be suitable:

• The proposed changes effective from April 2015 may not materialise, as they are under consultation.

• If you proceed with this plan and subsequently die within the 12-month term, your remaining fund, after any income taken, would be subject to a tax charge (currently 55%). If, however, you maintain your current pension arrangements and subsequently die before the age of 75, there would be a return of your full fund.

• At the end of the one-year term, should you decide to buy an annuity, the guaranteed maturity amount may not provide the same level of income that could have been provided by an annuity if purchased now.

Don't miss out. Talk to us today - call 0800 652 1316

The One Year Fixed Term Plan may be appropriate if you don’t want to tie yourself into something you can’t get out of, but still want access to your tax-free cash and/or pension income prior to the scheduled pension changes in April 2015. The fund is guaranteed and offers you flexibility and access to your pension funds while you decide about your best long-term options, subject to the proposed changes being adopted.

Call us on 0800 652 1316 today and one of our Retirement Income Specialists will give you all the information you need to make your own informed decision and help you set up your one-year annuity.

Please note that Retirement Line work on a non-advised basis. If you are uncertain about this product, we can refer you to a Financial Adviser.