Some decisions you make in life are fairly minor (think: choosing a film to watch). Others are important – like deciding how to take your pension savings. So we’re here to help you better understand two different retirement options: drawdown and annuities. How do they work?
Drawdown: Drawdown, or a ‘flexible income’, lets you take money from your pension pot as and when you want to. You decide how much you take, and any money left in your pot stays invested. Your income isn’t guaranteed, as the value of investments can go down as well as up. Depending […]
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