The rules on pensions have been relaxed - should you abandon your annuity?
From today pension rules have been relaxed. What should you consider?
From today, you have much more freedom about whether or not you buy an annuity, how you can take money from your pension and how much money you can take from your pension through income drawdown. Some companies have already said that they will extend cooling off periods. What should you do?
Changes to pension annuities are on the way, but what should you do now?
If you’ve already taken out an annuity or were planning to, can you change your plans?
On Wednesday the chancellor dropped something of a bombshell, saying that people would no longer have to buy an annuity. The changes are being introduced in two stages So what should you do if you’ve just bought or were about to buy an annuity?
Retiring early due to ill health – what are the rules?
If you’re unable to continue working you may be able to retire and take your company pension early
If you’re ill and find that your illness or medical condition is so bad that you can’t continue to work, you should find out whether your employer will let you take your pension early. Whether or not you can retire early due to ill health will depend on the pension scheme rules. And if you’re terminally ill and have less than a year to live, you may be able to take your whole pension as a lump sum.