VIDEO:
A guide to pensions drawdown
Reviewing your drawdown options
Watch our helpful video, made in partnership with Money Alive, that provides information on the importance of reviewing your drawdown pension and the important factors to consider.
What's in the video?
This video has 8 chapters:
Chapter 1: Reviewing your drawdown pension
The importance of reviewing your drawdown pension and the important factors to consider.
Chapter 2: Do I need to change anything?
Key factors to consider including your objectives, income & capital, risk, taxation, inflation and fund performance.
Chapter 3: Are the risks still right for me?
Are you still comfortable with the risks you are taking and what alternatives do you have?
Chapter 4: Tax
How is any income or lump you take from your drawdown pension taxed?
Chapter 5: What will happen when I die?
The death benefits available from your drawdown pension, the options available to your beneficiaries, and the importance of keeping your wishes up to date.
Chapter 6: What is the risk of me running out of money?
Understand the different risks you need to consider and the impact they could have.
Chapter 7: What happens when I reach age 75?
How a second lifetime allowance test is undertaken at age 75 and how your pension is taxed if the allowance is exceeded.
Chapter 8: Challenging financial circumstances
How might taking pension withdrawals impact on me if I am in debt or are eligible for means-tested state benefits?
To view the guide, simply click the button below to register and view.