Since pension freedoms were introduced in April 2015, people now have a number of options available to them, including to use their pension pots to provide a retirement income with drawdown.
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All posts tagged: retirement
Pension changes that could affect your retirement savings
There was a real fear, during the run-up to the autumn budget, that there would be bad news on pension tax relief.
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How to have too much in your pension
The government wants us to save for our old age. It is why pension contributions have tax advantages which help make a pension one of the most lucrative investments most of us are likely to make.
The more you have in your pension pot the more comfortable your retirement can be. But it is possible to have too much.
Relying on inheritance instead of pension saving?
The astonishing growth of house prices has given many of the older generation a level of wealth inconceivable when they bought homes in the 70s and 80s. It has also meant almost insurmountable problems for younger generations trying to get on the housing ladder.
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What is an Enhanced Annuity?
Most of us are familiar with the idea of an annuity. It is an income that we can buy with the contents of our pension pot.
An annuity will bring in a fixed income for the rest of our lives, whether we live to be 100 or fall under the proverbial bus tomorrow.