Flexible Transitions Account
Our Flexible Transition Account offers you all the flexibility you need in a pension.
As the world around us changes, so do our needs and aspirations. The Flexible Transitions Account (FTA) allows you flexibility while you're making your contributions as well as when you come to take your benefits.
The FTA is a tax efficient pension plan with a wide range of investment options. You can contribute regular or single contributions or transfer in other pensions that you've built up elsewhere.
A single plan for people who:
- want to save for retirement in a tax efficient way
- want to move money from one investment to another
- want to make single and/or regular contributions
- want to access a lump sum from their funds without taking income
- are aged below 75 and are a UK resident (or up to age 85 for transfers)
- want to start taking benefits at any time from age 55
Important things you should know:
- your investment choices will rise and fall in value which means that the value may fall to less than the amount that you've invested
- if you reduce your contributions or take your benefits earlier than planned, then your income may be less than shown in your personal illustration
- if you choose to take income directly from your pension fund, these withdrawals will reduce the potential for future growth
- rising prices will reduce the buying power of your pension fund in the future
- you cannot cash in your plan at any time
- you may normally only take benefits from your plan from age 55, or you may transfer to another provider at any time
If you'd like more information on this product read our Flexible Transition Account Key Features.
Or find an independent financial adviser who'll be able to discuss the Flexible Transitions Account with you.
