Pension withdrawals: thinking ahead
If possible, it is a good idea to plan ahead before taking money from your pension. Here we look at why this is important and introduce some of the key considerations to be aware of.
If possible, it is a good idea to plan ahead before taking money from your pension. Here we look at why this is important and introduce some of the key considerations to be aware of.
On this page we look at what pension income is taxable and provide an overview of how it is taxed.
There are many things to think about when you start drawing a pension, as the additional income you receive can have a knock-on effect on other areas of your finances.
On this page we look at two of the most common issues that can affect low-income workers who contribute to a pension under auto-enrolment – varying pay and having more than one job.
If you are eligible for auto-enrolment and do not choose to opt out, there are certain contribution requirements that must be met. Here we look at how much needs to be paid into your pension under auto-enrolment, and how this might be split between you and your employer.
Employees sometimes might have the opportunity to contribute to a pension under a salary sacrifice arrangement. Here we look at what this means, and why it might or might not benefit you.