Can I spend one pension pot when I turn 60 and then save another one for later? Steve Webb replies

Can I spend one pension pot when I turn 60 and then save another one for later? Steve Webb replies

I have two pensions. One starts at the age of 60 and the other at the age of 65.

My thinking is this. Can I ‘draw’ from the first one for 10 years such that there will be nothing left?

Five years into this the second one will kick in, and seven years into the first (two years into the second) the state pension will kick in. Is this possible? Pension dilemma: What’s the best way to juggle retirement pots which start paying out at different ages? Steve Webb replies: The short answer to your question is that it depends what […]

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