Explore your pension options with Pru Customer, from taking out a drawdown or annuity to keeping your savings where they are.
Once you reach retirement age, you have a few different options to try and make the most of your pension pot. You can withdraw part of your pension pot as a tax free lump sum, opt for a drawdown pension or purchase an annuity. We go into more detail on what to do with your pension...
A single view of your pension pot could make it easier to manage your money, understand your retirement options and give you a clearer picture of what you’ll have when you retire. Am I in the right funds? Your circumstances or the level of risk you’re happy with may change over time...
The system of contracting out of state pensions – a form of pension privatisation – operated very successfully in the UK until recent years with cross-party supBooth, PhilipNiemietz, Kristian PeterSocial Science Electronic PublishingBooth, P. and Niemietz, K. (2014) Growing the UK Pension Pot...
Retirement pot: Current:£508,936 Target:£1,095,646 Your contribution By increasing your current monthly contribution and transferring your pension to Moneyfarm you'll be able to achieve your target retirement income. Current monthly contribution of£200 A new monthly contribution of£427 Idea...
A pension can usually be accessed from age 55 (57 from 6 April 2028), at which point there are various options for how you use the money built up in your pension pot. Buying anannuityis one way of ensuring that you’ll have a certain level of income coming in for the rest of your...
Advertisement - Continue Reading Below Future planning Your retirement action plan Why March is a great time to write a will Get pension savvy How to plan for life's what-ifs Advertisement - Continue Reading Below
Opt for a mix of the above. You don’t have to choose just one option. You could take your 25% tax-free lump sum, buy an annuity with some of your remaining pot and then leave the rest invested to provide an income. Do nothing. If you’re not ready to retire, or can live comf...
I first came across AXIS Financial Consultants in 2015 shortly after I'd left the UK (again!). It's been a real pleasure dealing with Phil in relation to my pension pot since then. Phil is always responsive and efficient, which made the admin more manageable when making transfers to my ...
DC -There are three key options, buying an annuity, taking a flexible income or taking cash – you can take your whole pot in one go. In addition 25% of your pot to be taken tax free with the remainder taxed at your marginal rate. ...