Pension drawdown is a flexible way to take income from a pension pot on retirement. This is an alternative to using the money to buy an annuity (which, in return for a lump sum payment, guarantees to ...
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. If you're heading towards retirement, you may be thinking about how best to access your pension ...
Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The startup was founded by Kevin Hollister to help everyone with free ...
Annuities and drawdown are the two main ways of using your pension pot to fund your retirement. But how are they different? What option is best for you? And what risks do you need to be aware of? Our ...
Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...
In terms of tax, when you reach your NMPA you will be able to access up to a quarter of your pot tax-free, up to a maximum of £268,275 over your lifetime. Any further withdrawals will be taxed in the ...
Your pension strategy may need tweaking –with many pension experts now arguing that 75 should be the pivotal age in your ...