How do you actually access your pension pot?
Apr 02, 2025•34 min
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Episode description
Pensions payouts can be confusing, but good news! You don’t have to figure it out alone. With a third of people over 55 unsure about their options and many worried about tax implications, we’re here to make it all a little clearer. Former Pensions Minister Steve Webb joins Holly and Lucy to demystify the process, explaining when and how you can access your pension, the pros and cons of lump sums, drawdowns, and annuities, and how to make sure your money lasts through retirement.
Guest: Steve Webb, Partner at Lane Clark and Peacock & Former Minister for Pensions.
Contact: Lucy and Holly at: moneyteam@thetimes.co.uk
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