man-1348082_1280 1 | OTS News – Southport Many people are confused about their options when it comes to turning their pension pot (savings) into retirement income.
If you are a member of a defined benefit (DB) workplace pension scheme, your options may be limited. The guide from MoneyHelper explains how these schemes work.
But for any defined contribution (DC) personal or workplace scheme that you have been saving into, you will typically have more flexibility. The choices can be somewhat confusing, so hopefully this short introduction to your options will help you understand how things work.Thanks to the Pension Freedoms introduced […]
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