Roger had built a successful business.  Now, his two sons had decided to be involved, and he is delighted.  At 60, he is enjoying it and the shared responsibility means that he now no longer has to shoulder all the decisions himself.  The business has recently bought a new building and he has managed to keep the old one and rent it out. 

The business needed a cash injection.  Roger decided that he would activate his pension fund.  He was able to take one quarter of the fund as a lump sum – this was the cash injection his business needed.  He decided to leave the remainder of the fund untouched and could use it as an income for himself in the future. 

CGM Associates advised Roger on this strategy only after discussing the possible income scenarios with him in the future.