Local people urged to take up help to plan their financial futures

People across the region are being offered help by a pensions organisation to plan for their future.

Citizens Advice Hull and East Riding is delivering Pension Wise appointments across Hull, The East Riding of Yorkshire, Scarborough, North Lincolnshire and North East Lincolnshire giving people access to free and impartial pension guidance in their local area.

Following pension reforms on April 6, people approaching retirement have greater freedom over how they can use their pension pots. People will be able to take a lump sum, take out an annuity or a mixture of both. Pension Wise is a new Government service designed to help people make sense of their pension options, and empower them to make the right choices for them.

Citizens Advice Hull and East Riding will be delivering free face to face Pension Wise sessions which are available to book now. The 45 minute appointments will be tailored to the individual, taking into account the value of their pension and their plans for retirement.

 A Pension Wise appointment may help you if:

You are approaching retirement or are 55 or over
Have a defined contribution pension (Not a final salary scheme)
Are thinking of accessing your pension

Guidance appointments are also available on the telephone, delivered by the Pensions Advisory Service. People can also get information and general guidance online at www.pensionwise.gov.uk.

 Lesley Thornley Chief Executive of Citizens Advice Hull and East Riding said:

“Citizens Advice Hull and East Riding will be delivering Pension Wise appointments from a number of convenient venues across the region, giving easy access to Pension Wise.”

 “Pensions can be a confusing topic and Pension Wise appointments will help people to make sense of their pension choices. People need to be aware of the risks and pitfalls including the potential tax implications, high fees and scams. Citizens Advice already helps people with retirement issues and we will continue to offer this service outside of Pension Wise.”

To book a face to face appointment at one of our main CAB offices (Beverley, Bridlington, Goole, Grimsby, Hull, Scunthorpe, Scarborough) or at one of our outlets across the region please call 01482 816308, or for a telephone appointment with The Pensions Advisory Service you can call 0300 330 1001.