Tom Selby: Can you take all your pension savings out at once? I’m sure that’s something that lots of people will be thinking about. It depends on the type of pension you have. So the state pension pays an income when you reach state pension age, and there’s no mechanism to cash out that fund. So you just receive the income that you’d get from the state. Defined contribution pensions where your retirement pot is invested in things like stocks, shares and bonds can be accessed from age 55, with a quarter of the money available tax free, and […]
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