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Retirement options

In Brief: Retirement options

Tuesday, 04 June 2019

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.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.