How to build a pension pot |Six pension choices| Pension transfer

Hello,

It’s over a year since the Government changed the rules on pensions, giving us all more freedom over how to save – and how to spend. No longer tied into buying an annuity, the options have been thrown wide open.
But before you can spend it, you have to save it. Read here about how to build a pension pot to meet you retirement needs. And, once you’re ready to make use of your pension, you can find out here about your options.
If you have one or more pensions and want to consolidate or move to a different provider, read here about pension transfers.
Finally, we all stop work eventually. Even Barack Obama is making plans for what he’s going to do after the Presidential Election in the US – take a look at his retirement video.

How to build a pension pot

The vast majority of people stop work later on in life and, when this happens, they need to have enough income to meet their retirement needs. So, as early as possible in their career, they need to stop and assess whether they are building a pension pot sufficient to provide for their aspirations in retirement.

FFind out how to build a pension

What you can do with your pension pot?

Just over a year ago, in April 2015, pension choices increased – and increased dramatically. The then Chancellor, George Osborne, changed the rules to give people greater access to their entire pension, with no requirement to buy an annuity. Broadly, there are now six available options to those who have reached the age of 55 or over.

Pension choices – the six options

The lowdown on pension transfer

It’s not uncommon these days for people to have a number of pensions in different places, particularly as – unlike in years gone by – we work for several different employers over the course of a lifetime.

Find out how to make a pension transfer

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