Pension Freedoms

This week, Tony looks at the ever-more important topic of pension freedoms, with a particular focus upon the decisions you need to make in order to access your pension pots.

KEY TAKEAWAYS

• Those aged over 55 now have a far greater freedom of choice in how they use their pension pots to fund their retirement years.
• As ever, it is always wise to take professional, independent advice before attempting to access pension funds. Informed decisions are crucial.
• You may now take your entire pension pot in one cash lump sum if you desire, but this could lead to a huge income tax bill, meaning less money during retirement.

BEST MOMENTS

 'The secret to happiness is freedom!'

'Pension freedoms have made it much easier for people to access their pension pots'

'It's essential to obtain professional advice before you make any major decisions!

ABOUT THE HOST

Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

“Live For Today, Invest For Tomorrow”

CONTACT

Tony's official website: https://ttwealth.co.uk/

Facebook: https://www.facebook.com/TonyThomas.IFA/

LinkedIn: https://www.linkedin.com/in/tonythomas2/

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