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Did you know: that since 2015, ‘pensions freedoms’ allow you to access your pension pot from age 55? You can take it as a lump sum, drawdown regular amounts or buy a fixed income with an annuity.
The rules on how you can withdraw money from your pension pot became a great deal more flexible in 2015, allowing you to access your pension from the age of 55, rising to 57 in 2028 (those suffering significant ill health may be able to access their fund even earlier than that).
Did you know: that if you start saving at 40, you’ll need to save a considerable amount more than if you started at 20, to achieve the same retirement goals?
When should you start saving for your retirement? The answer is as soon as possible, because the later you leave it, the more of your income you will have to put by to ensure you have a comfortable retirement.
Did you know: that only about 12% of UK adults have Critical Illness insurance and yet statistically, 1 in 3 of us are likely to suffer a serious condition?
If you become seriously ill, the very last thing you want are financial worries.