What Retiring With £300K at 60 Means (How To Make It Work)

How much income does a £300,000 pension pot actually give you each month?Most people assume £300K is enough to retire comfortably. But at a safe withdrawal rate of 3.9%, that pot only delivers around £11,700 a year. And if you retire at 60, those seven gap years before the State Pension arrives can drain over £100,000 from your savings before any real help kicks in.In this episode, I compare what an annuity pays versus drawdown on a £300K pot, walk through the tax window most people miss during the gap years, and explain the hybrid strategy that combines both to deliver over £23,000 in guaranteed income with flexible top ups on the side.With over 25 years advising individuals and employers on pensions across PwC, EY, Aon, Willis Towers Watson, and KPMG, I've seen how the annuity versus drawdown decision plays out in practice and where most people with this size of pot get caught out.Watch this episode in full on our YouTube channel: https://www.youtube.com/@retirementandmoney