The abolition of the requirement to buy annuities at retirement means that many people are opting to leave their pension pot invested and draw down an income direct from their fund to supplement their state pension instead. […]
Guide Tags: Pensions
Transferring your pension
When you move from one job to the next, or as you approach retirement, you will need to consider what to do with any pension pots that you have accumulated. You may decide to transfer the money to a new pension arrangement. […]
A guide to pensions
Pensions are a way of building up and investing a pot of money that you can use to supplement your state pension in retirement. […]
Pension freedom – your options
It is now possible to withdraw any amount of money from your pension after you reach age 55. This has been dubbed ‘pension freedom’. Previously most people were forced to buy an annuity with at least 75% of their pension pot to provide themselves with a regular income. […]
Why do you need to save?
In the UK, very few people are saving enough. With so many other demands on your money, it is not always easy but with a little budgeting and self-discipline, it is usually possible to start putting modest amounts aside and build up from there. […]