We have more control than ever over how and when we can spend our pensions, but careful financial planning is necessary if you want to avoid the risk of outliving your retirement savings.
Pension freedoms introduced in 2015 mean that you can take up to 100% of your defined contribution pension savings at retirement if you want to. However, if you choose to do this you not only risk ending up with a hefty tax bill , but you could quickly find you run out of funds to pay for your retirement.
Here, we look at some pension pitfalls to avoid […]
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