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.

Would you like to find out more about pension freedoms?

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