Many people will now have heard the term ‘pensions freedom’ but does that mean they know exactly how the new legistation can affect the choices they make?
From April 2015 changes to pension rules were introduced to give you greater flexibility in how you can take benefits from your pension fund. Additionally, the government also announced new, more favourable rules around tax on death benefits in late 2014.
This increased flexibility is good for you, bringing new opportunities for how you can access and manage your pension pot. However, with much more options to think about when it comes to your retirement income, the need for expert advice has never been greater.
Visit our Publications page, where we regularly post helpful guides providing you with more information on pension rules and how they may affect you.