Five things you need to know about taking money from your pension savings

Five things you need to know about taking money from your pension savings

Whether you’ve already started accessing your pension money or you’re just thinking about it, here are five things worth knowing to help you make the most of your retirement savings. 1. You’ve got options

Take a flexible income (also known as income drawdown) – this is where you access your pension savings through regular lump sums or one-off withdrawals. The rest stays invested.

Take a guaranteed income for life (also known as an annuity) – this option means you’ll get a set, regular income for the rest of your life. Take one or more lump sums – […]

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