Any pot worth less than £10,000 is classified as a “small pot pension”. Different rules apply to pots of this size, and the money held in them can often be withdrawn in a more tax-efficient way.

But chancellor Jeremy Hunt used his Autumn Statement today to launch a consultation on a pension ‘pot for life’ that could simplify the pensions market. Don't miss the latest investment and ...

New ‘pot for life’ pension reforms could give workers more freedom over their retirement pots but there are other ways to have more control. Chancellor Jeremy Hunt used his Autumn Statement ...

The calculations made various assumptions about inflation and investment returns and that people would start making regular withdrawals when they turned 67 until their private pension pot ran out.