If you want a guaranteed income for life and are aged between 55 and 74, the Immediate Vesting Personal Pension Plan (IVPPP) from Standard Life could help meet your needs. Our IVPPP offers you a way to enjoy a regular income, or a tax-free lump sum and smaller regular income, immediately.
You can invest in an IVPPP by transferring funds from your existing pension plan(s) or using a cash lump sum that you've saved elsewhere.
If you've got pension funds with different companies you can combine them in our IVPPP so you get one source of income in retirement.
Alternatively, if you're still in employment, you could benefit from tax relief by investing a cash lump sum.
Before you make any decisions regarding transferring your pension funds, it's a good idea to speak to a financial adviser as they'll be able to help advise you about what's best for you. Please note there may be a cost for this. If you no longer have a financial adviser then we have a team of experts who can help you. You can call us on 0845 272 8810. Call charges may vary.
Tax relief may be altered and the value to you depends on your financial circumstances.
Standard Life Direct is provided by Standard Life Client Management Limited which advises on, and sells products from, subsidiaries of Standard Life plc and some external providers.
Any reference to legislation and taxation is based on Standard Life's current understanding of law and HM Revenue & Customs practice. Legislation and taxation are liable to change in the future.
Page 1 of 6
