Cashflow forecasting can be a very helpful tool here.” Here is how much retirement income you could generate from a £250,000 pension pot based on the latest annuity rates and drawdown strategies.

ANSWER: The 2024 budget contained a major change to pensions by proposing to include unspent pension pots in deceased estates from April 6 2027 and subject them to inheritance tax ...

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.