How to access your pension
from Which?
The way you choose to access your pension can have a big impact on the amount of money you have to live on in later life. So which option is right for you? Which? Money Editor Jenny Ross & Tom Selby, Director of Public Policy at AJ Bell explain how annuities and pension drawdown work, including the pros and cons of each method for turning your savings into a retirement income. Read our reviews of drawdown providers & sign up to our free weekly Money newsletter Find out the best annuity rates on the market right now Get 50% off a Which? membership This episode was originally released in December 2024
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Chapters
- 1:58 What are the different types of pensions
- 3:33 When can you access your pension?
- 6:16 What are annuities?
- 11:04 How to choose the right type of annuity
- 14:29 What is pension drawdown?
- 20:04 How to choose the right drawdown provider for you
- 23:41 Can you access your entire pot all in one go?
- 26:10 When do you need to decide how you're going to access your pension?
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