You can usually take up to 25% of your pension money as tax-free cash as you choose which options to take. But remember that with any option, tax benefits are subject to change and depend on your individual circumstances.<\/p>\n
You can also keep saving into a pension, if you wish, and get tax relief up to age 75.<\/p>\n
Which option or combination is right for you will depend on:<\/strong><\/p>\n Your age and health Everybody\u2019s situation is different, so how you combine the options is up to you.<\/p>\n You could choose to buy a guaranteed income for life with some of your pension money, while leaving some to provide a flexible income or cash lump sums when you need them.<\/p>\n Or, if you plan to ease into retirement, you may choose to take some money flexibly to start with, and then later buy an annuity to provide a guaranteed income.<\/p>\n Don\u2019t forget, in addition, you can usually take up to 25% of your pension tax-free. This can be taken all in one go or over time, depending on the options you choose.<\/p>\n","protected":false},"excerpt":{"rendered":" Balance of flexibility and security to suit your circumstances If you are looking for a balance of flexibility and security to suit your circumstances, you could consider blending your retirement options. You don\u2019t have to choose one option when deciding how to access your pension pot \u2013 you could set up a combination of options… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2512"}],"collection":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/comments?post=2512"}],"version-history":[{"count":0,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2512\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/media?parent=2512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/categories?post=2512"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/tags?post=2512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nWhen you stop or reduce your work
\nWhether you have financial dependents
\nYour income objectives and attitude to risk
\nThe size of your pension pot and other savings
\nWhether your circumstanes are likely to change in the future
\nAny pension or other savings your spouse or partner has, if relevant<\/p>\n