Any UK resident under 75 can open one, irrespective of whether they also have a workplace or other private pension scheme.

Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

Millions of pension savers risk surrendering thousands of pounds to tax unnecessarily as confusion surrounding retirement ...

Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...

If you're heading towards retirement, you may be thinking about how best to access your pension pot. Regardless of the type of pension you are savings into, pension drawdown offers one option for ...

Just 42% of adults say they have a clear understanding of the options available when taking money from their pension - and ...

New research from Wesleyan reveals that nine out of ten financial advisers have witnessed clients speeding up their pension withdrawals. Financial advisers are reporting a surge in clients ...

Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...

From inflation to economic and political tensions, there are plenty of factors that can weigh on your retirement income. This makes it all the more important to understand how much you can generate ...