We’re often told to save more for retirement, but have you ever stopped to think about how your pension pot compares to your peers? Is your pension wealth keeping up with the Jones’s?
Telegraph Money reveals the average UK pension pot and what you will need for a comfortable retirement Experts say a “comfortable retirement” now costs around £43,000 a year, and with ...
In total, 98pc receive the state pension. According to the ONS, the median average UK pension pot is £32,700, yet this varies significantly depending on age and pension type. For 25 to 34-year ...
It will also be down to me to work out how to make that pot last for my retirement lifetime. Should I be concerned about my private pension if the Government wants to access these funds to boost ...
The revision is far bigger than previously reported and means there is less in the pot from which to pay the pensions of millions of scheme members. It also makes it less likely that funds will be ...
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The Congress of South African Trade Unions (COSATU) celebrates President Cyril Ramaphosa’s historic signing of the Pension Funds Amendment (PFA) Bill, one of two critical Amendment Acts that will ...
Telegraph Money explains how to manage your pot through flexi-access drawdown without letting it run out Pension drawdown, also known as flexi-access drawdown or flexible retirement income ...
With either option, it would mean that the remainder of your pension pot (which isn’t tax-free) would be taxed at the point you access the money, which may be after you have moved down a tax band.