Changes to pension freedoms in April 2015, mean that adults now have a greater responsibility to ensure that they use effectively the control they have over their pension savings. Some predicted that many would make large cash withdrawals in a hurry, however on average Withdrawal payments are less than £4000. Some tips to remember when managing your pension are; understanding your State Pension entitlement, considering all your options and taking time to analyse them all, consider your life expectancy, and approach final salary pension transfers with caution. Seeking professional financial advice could help you to manage your financial plans.
