Options At Retirement
One of the main reasons that British Airways flight crew want to explore options other than their BA pension is the greater flexibility offered by alternative retirement planning arrangements.
The main alternative options are summarised below:
Income Drawdown
Income Drawdown allows you to take variable withdrawals directly from your pension fund, so the amount and frequency of your withdrawal can change from time to time.
Phased Drawdown
Phased retirement allows you the benefit of segmenting your pension arrangements, in such a way that each segment has a proportion of Tax Free Cash and Income.
