Dear Charlene, I have roughly £150,000 in my pension fund. I am 68 and will have to start to draw down on it shortly. I had worked out what I needed to live in relative comfort, but with the ...

I note Chancellor Rachel Reeves says the Mansion House Accord will 'boost pension pots', which ignores the downside risk. And ...

Start by thinking about the amount you withdraw each year in proportion to your total balance. We call this a withdrawal rate. For example, if you have $1 million in your retirement savings and ...

I will share my thoughts, but it is good to speak with a financial advisor if you can. Key Points A Redditor makes $175k per year from a pension and is wondering if it’s a good idea to remain ...

So, if you withdraw £20,000 from your pension as an uncrystallised fund pension lump sum, the withdrawal is assumed to be part of a £240,000 annual income. This means you could be hit with a tax bill ...

From age 55, you can usually withdraw money from a pension. You’ll need to be sensible about making pension withdrawals, so it will see you through retirement.

Another option is using a ‘Uncrystallised Funds Pension Lump Sum’ (UPFLS) arrangement. Here, whenever you take a lump sum, 25 per cent is tax-free, and 75 per cent is taxable.