If you’ve only got a few years to go before you’re planning to finish work, now’s the time to start thinking about how and when you’ll start taking an income from your pension.
It’s worth checking too that your savings are on track to meet your retirement goals – if not, you might want to think about whether you’re able to tuck away a bit more each month, or whether you’d consider working for longer.
Here, you’ll find information which may help give you a clearer idea of how much you might need in retirement, plus the different ways you can access your pension savings - and what this could mean for your tax bills.
Please remember we don’t offer personal investment, tax or pensions advice, so if you’re unsure how to proceed, seek professional financial advice.
The value of investments can fall as well as rise and you could get back less than you invest. If you’re not sure about investing, seek independent advice. Tax rules can change in future. Their effects on you will depend on your individual circumstances.