Taking a guaranteed income

If you like the thought of using your retirement savings to give you a guaranteed income for life, you’ll still have some important decisions to make.

For instance, you can combine any pension pots you have saved elsewhere, take some tax-free cash and buy the annuity that’s right for you. Take some tax-free cash

You should be able to take up to 25% of your retirement savings as a lump sum, completely free from tax.Of course, if you choose to take some tax-free cash, it will reduce the amount of savings you have to buy your ongoing retirement income. What […]

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