What is pension drawdown and how does it work?
Pension drawdown is one way of taking money from your pension pot. This guide tells you everything you need to know about pension drawdown, including the fees involved and tax implications so that you...
View ArticleShould I cash in my pension?
The minimum age that you can access your pension is going up from 55 to 57 from 2028. But just because you can cash in your pot in your 50s, it doesn’t mean that you should. You should check first...
View ArticleShould I go for an annuity or drawdown?
Nico writes: “I’m 53 and I’m starting to think about the best way to access my pension savings. A friend said I should look at getting an annuity as I have high cholesterol and he said this might mean...
View ArticleShould I consolidate my pensions? Take our quiz
Merged this article into Should I combine my pensions? In this article we set out: If you want to know more about pensions, read our guide. Take our quiz It can be tricky trying to work out whether to...
View ArticleMoney SOS: “I’ve got four pension pots – how should I manage them?”
In this Money SOS, our mentors helps a freelance travel writer get to grips with her multiple pension pots. Just before the coronavirus pandemic struck, Lisa Grainger had spent four days at a luxury...
View ArticleWhat does a £100,000 pension pot give you?
A £100,000 pension pot might sound like a large amount of cash but you could be surprised by how little income it produces. Planning for retirement can be a daunting process and working out how much...
View ArticleWhat is an annuity and should I get one?
If you are planning for retirement then you may be considering buying an annuity – we explain how they work, the different types available and the pros and cons. An annuity is a financial product that...
View ArticleShould I retire early? The pros and cons
If you dream of early retirement there are lots of things to consider first. While retiring early may be something you aspire to, there are pros and cons to stopping work before you reach state pension...
View ArticleHow market shocks affect your pension and whether you should be worried
Retirement savings have been thrown into the spotlight after the Bank of England made an emergency intervention amid fears that some pension funds were at risk of collapsing. There have been signs of...
View ArticleWhat does a pension pot worth £37,000, £150,000 and £500,000 give you?
If you’re wondering how much pension you need in the UK for a comfortable retirement, we look at what a pension pot worth £37,000, £150,000 and £500,000 will give you. The amount you need in your...
View ArticleDoes the lifetime pension allowance change affect me?
‘I’ve heard that the lifetime pension allowance is changing. Does this affect me and from when?‘ Have you got a cost of living question you’d like answered? Get in touch and I’ll be answering them...
View Article‘I’m a FIRE saver and plan to retire at 38’
FIRE savers save and invest their money aggressively with the aim of retiring long before the state pension age of 66. The FIRE acronym stands for financial independence, retire early. Followers of the...
View ArticleHow much is the state pension in 2024 in the UK?
The state pension increased 8.5% on April 8, the second highest rise since the triple lock was introduced in 2011/12. We outline how much more money eligible pensioners will receive. How much you get...
View ArticleOur best pension drawdown providers
Pension drawdown lets you take a regular income from your pension pot while the rest of your fund continues to grow. We explain how pension drawdown works and outline our top pick of providers below....
View Article