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Moving closer to retirement

In Brief: Moving closer to retirement

Tuesday, 21 July 2020

Are you moving closer to retirement, and have been affected by the recent market volatility? You could choose to defer your State Pension, this can help manage tax liability and earn tax relief. Some other reasons to consider a delay are your pension has longer to grow, maximising investment potential, and your employer continues to top up your pension. Seeking professional financial advice could help you to decide how best to manage your pension fund. 

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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.