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Unlocking Your Retirement: A Guide to Flexi-access Drawdown Rules

Are you nearing retirement and wondering how to make the most of your pension savings? If so, then understanding the flexi-access drawdown rules is essential. In this comprehensive guide, we will walk through everything you need to know about unlocking your retirement funds through flexi-access drawdown. We will explore the advantages and disadvantages of flexi-access drawdown, discuss the eligibility criteria, and explain how to set it up. I will also provide insights on investment strategies and tax implications to help…

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Six things you can do with your pension from age 55

Prior to April 2015, retirement options for those who had a personal pension or self-invested personal pension (SIPP) were fairly limited. You were able to take a pension commencement lump sum equivalent to 25% of your pension fund, which was tax-free, and the rest had to be used to purchase an annuity that would provide you with a set income for life. However, since then the rules have changed and there is now a lot more flexibility if you have…

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RISKS

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than the capital invested. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful.

 

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