Money Minder UK

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Cash may not be king

In Brief: Cash may not be king

Tuesday, 11 October 2022

Deciding whether to withdraw cash from your pension pot

Choosing what to do with your pension is a big decision. If you’ve been saving into a defined contribution pension (sometimes called ‘money purchase’) during your working life, from age 55 (age 57 in 2028) you need to decide what to do with the money you’ve saved towards your pension when you eventually decide to retire.

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