You have spent a few decades working, earning a salary, and saving into company and personal pensions along the way. Now, retirement is approaching.
How will you turn your savings into a salary to pay for essentials and – and non-essentials – in retirement? How will you make sure that you don’t run out of money in retirement? What do the UK pension freedoms mean for you?
In this one-of-a-kind book, personal finance experts Richard Dyson and Richard Evans answer these questions and equip you with everything you need to know to turn your pension savings into an income that will last throughout your retirement.
You will learn:
-- How to take control of your pension savings by tracking down all of your pension pots and combining them.
-- When you can afford to retire.
-- Steps to take to avoid running out of money.
-- How to build an income-paying portfolio of fund investments from scratch.
-- How to withdraw a sustainable income from your portfolio.
-- How annuities work and whether they have a role for you.
-- How to make the most of the tax rules.
-- The importance of the state pension and how to maximise it.
-- When to seek professional advice.
This is your complete, step-by-step guide to organising your pension money and making the most out of it to pay yourself a retirement salary. Don’t enter retirement without it.