Posted on 17th July 2020 at 12:41
Recent freedoms for people with pension savings provide more choice about how they can be used.
If you are looking for a guaranteed income for life you can still buy an annuity. If you want more flexibility, you could take a cash lump sum and manage the rest of your savings throughout your retirement.
There’s even free PensionWise guidance from the government if you’re over 50, to help you make good decisions, depending on your circumstances