Whether you're decades away or approaching retirement, MG Capital has the expertise and products to help you build, manage and enjoy a secure financial future.
We offer a range of pension solutions designed to suit your circumstances, goals, and tax position.
How you take income in retirement is just as important as how you save for it. We help you navigate your options.
Pension drawdown lets you access your pension flexibly, taking income when you need it while keeping the rest invested. With MG Capital, your drawdown pot continues to benefit from our carefully managed funds.
Our advisers can help you model different income scenarios, taking into account your State Pension, other income sources, inflation, and longevity — giving you a clear picture of what retirement looks like financially.
Speak to an adviserBring together all your pensions — workplace, personal and state — to get a complete picture of your retirement wealth.
Decide between drawdown, annuity, or a hybrid approach — based on your health, lifestyle needs and risk appetite.
Our qualified advisers will build a personalised retirement income plan and review it with you regularly as your circumstances change.
Planning beyond retirement means thinking about care costs, your estate, and protecting your loved ones.
The cost of long-term care can be significant. We help you plan ahead so that if the time comes, you and your family are financially prepared — without depleting the wealth you've built over a lifetime.
From wills and trusts to Inheritance Tax planning, we help you pass on your wealth in the most tax-efficient way possible — ensuring your wishes are carried out and your family is provided for.
Protect your family's financial future with life cover that pays out on death or terminal illness diagnosis, providing peace of mind that your loved ones are taken care of regardless of what happens.
Drawdown allows you to take money from your pension as and when you need it, while the rest remains invested and continues to grow. Unlike an annuity, drawdown doesn't guarantee an income for life — but it gives you far greater flexibility and the potential for continued investment growth.
You can typically take up to 25% of your pension pot as a tax-free lump sum, with the remainder subject to income tax as you draw it. The amount you take and when is entirely up to you.
Our MG Capital drawdown service includes access to our diversified fund range, regular performance reporting, and annual reviews with a qualified adviser.
Talk to an adviserDrawdown is not right for everyone. If you need a guaranteed income that you can't outlive, an annuity may be more suitable. Many clients choose a combination of both. Speak to one of our advisers to explore your options.
Answers to the most common questions about pensions and retirement planning.
The minimum pension access age is currently 55 (rising to 57 in 2028). You can choose to access your pension from this age whether or not you've retired from work. Taking benefits early will reduce the amount available to you in later retirement.
A common rule of thumb is to halve your age when you start saving and put that percentage of your salary into your pension each year. However, the right amount depends on your retirement goals, existing savings, and expected State Pension. Our retirement planning tool can give you a personalised projection.
If you die before age 75, your pension can generally be passed to your beneficiaries tax-free. After age 75, it's paid as income and taxed at the beneficiary's marginal rate. Pensions typically sit outside your estate for Inheritance Tax purposes, making them an efficient way to pass on wealth.
Yes — most people accumulate multiple pensions over their working life through different employers. You can consolidate these into a single MG Capital pension to simplify management and potentially reduce costs, although it's important to check for any valuable guarantees before transferring.
The Lifetime Allowance was abolished in April 2024. Previously it capped the total amount you could hold in pensions without a tax charge. There is now no limit on how much you can hold in total, though annual contribution limits (Annual Allowance) still apply.
Talk to one of our qualified advisers for personalised retirement guidance — at no obligation.
For illustrative purposes only. Not financial advice.