In this podcast episode, I look at the ever-more important topic of pension freedoms, with a particular focus upon the decisions you need to make in order to access your pension pots.
Key Takeaways
Those aged over 55 now have a far greater freedom of choice in how they use their pension pots to fund their retirement years.
As ever, it is always wise to take professional, independent advice before attempting to access pension funds. Informed decisions are crucial.
You may now take your entire pension pot in one cash lump sum if you desire, but this could lead to a huge income tax bill, meaning less money during retirement.
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