1/27/2024 0 Comments Drawdown rules![]() ![]() Due to the fact that your money remains invested, which is often in the stock market, there is a chance that your fund may lose value. When you approach retirement, you keep your pension savings invested and withdraw funds from your pension pot, or ‘drawdown’. To access your money in this way, you must be 55 years or older and have a defined contribution pension. For example, splitting your pension pot equally between the two, giving you a balance of reliable guaranteed income alongside flexible access to larger sums if needed. It’s possible to combine a box and a barrel approach. You don’t have to choose one or the other. Imagine a barrel with a tap that you can turn on or off, depending on how much money you need to access at any one time.
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