Money makeover: Max Loosli, 60, needs a precision plan to spend his entire pension in his lifetime – without running out of cash first. New “pension freedoms” introduced this year mean that, for the first time, savers such as the Loosli’s are now able to access their pensions as cash, without paying punitive rates of tax.
Tags: annuities, benefit, cash, Drawdown, Market leading rates, money, pension, pension freedoms, pensioners, pensions, Pensions Bank Account, retirees, retirement, savings, Tax, tax-free
This entry was posted by John on Monday, November 9th, 2015 at 10:09 pm and is filed under Pension news.
