Note that if you’ve got a lot of cash, you may want to stash it in acash ISA. That’s because you’ll earn much more interest on a million pounds – or even on £100,000 – than is covered by thepersonal savings allowance. And you’ll be taxed on this income outside of an...
Phase 1– You need to be able to draw all your income needs from your ISA / taxable accounts without fear of running out of money,2until you reach the minimum pension age. Phase 2– You need to be able to draw all your income needs from your personal pension, once you ...