Will my pension give me a set income forever when I retire?

Will my pension give me a set income forever when I retire?

Sarah Austin, Independent Financial Adviser from Martin-Redman Partners, answers a great question she was asked recently – “What happens when I reach 65? Do I get a set income forever or just a certain amount until the money runs out?”.

There were changes introduced in April 2015, allowing you more choice and flexibility over how and when you can take money from your pension pot.

Whether you plan to retire fully, to cut back your hours gradually or to carry on working for longer, you can now tailor when and how you use your pension, and when you stop saving […]

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