Pensions & Retirement Planning

Your pension is likely to provide the basis of your income during your retirement and with so many options available, receiving the right initial pension advice as well as the ongoing management is imperative. 

Baker Hudson will make sure that your pension is on track to meet your own personal financial needs ensuring you receive the benefits you desire in your retirement.

Pension Drawdown

When you come to take your pension you can reinvest your pot into funds designed to provide you with a regular retirement income.  You can normally choose to take up to 25% of your pension pot as a tax-free lump sum. Our advisers can offer a bespoke solution for you, helping you achieve your desired goals.

We will manage your pension investments taking into consideration your objectives, attitude to risk and income requirements. The income you receive can be adjusted periodically depending on the performance of your investments as well as your changing financial situation.


You can opt to buy an Annuity with all or some of your pension pot. The annuity pays a regular retirement income either for life or for a set period. When you use money from your pension pot to buy an annuity you can take up to a quarter (25%) of the amount as tax-free cash. The amount you receive will depend on factors such as your age, health, pot size and annuity rates at the time.

Our advisers can provide comparative quotes to help you decide if this is the best option for you. 

Defined Benefits Schemes

A defined benefits pension pays out a secure income for life which increase each year. Your employer contributes to the scheme and is responsible for ensuring there’s enough money at the time your retire to pay you pension income. You may also contribute to such a scheme.

Your income is based on how many years you have worked for your employer and the salary you have earned.

Contrary to belief you are not obliged to take these benefits in the manner the scheme trustees dictate. However, if you wish to explore alternative options it makes sense to seek expert advice on this. Should you wish to explore this further please call us and we will put you in touch with a Pension Transfer Specialist to assist you with this. 

Your initial meeting is free and without obligation. If you would like to find out more about our services, please contact us today to speak with one of our friendly advisers.

Or come in and see us...

We love our customers, so feel free to visit during normal business hours.

Baker Hudson

10 Parsonage Street, Dursley, Gloucestershire, GL11 4EA

01453 549911



09:00 – 17:00


09:00 – 17:00


09:00 – 17:00


09:00 – 17:00


09:00 – 17:00


By Appointment