When you take money out of your pension pot only twenty-five percent of what you take out will be tax-free. So, what happens with the remaining seventy-five percent? Unfortunately, each time you touch your pension pot you can expect to pay income tax on seventy-five percent of it. The twenty-five […]

Buying an annuity is a great way to use your pension pot and it provides you with a regular income during retirement. In fact, most types of annuities can provide a steady income for the rest of your life. In many cases, this is an irreversible decision, so it’s important […]

Before you dive right in and sign up for an annuity, it’s important that you learn about the different types of annuity options available. When you sign up for an annuity, you must ensure you purchase the right type, one that offers the best options for you and your family. […]

In our guide that details what is annuity you’ll learn about the importance of saving for your retirement and find out exactly what happens to all of that money that accumulates in a pension. Your pension pot is your life preserver after retirement. It’s what you’ll live off of once […]