Taking control of your pension income means considering the tax consequences
Pension drawdown enables you to take money from a defined contribution pension while keeping the rest invested. Rather than receiving a fixed income, you decide how much to withdraw and when, giving you flexibility to adjust your income as your circumstances change.
Month: September 2026
Should you give your home to your grandchildren?
Gifting your home could help your grandchildren, but may carry tax and financial risks
For grandparents with substantial property wealth, gifting their home may seem an attractive way to give younger family members a helping hand. It could provide grandchildren with a valuable asset or help them secure a home at a time when getting onto the property ladder can be difficult.
Securing income in retirement
Building financial security for later life
Retirement no longer has to mean simply buying an annuity and receiving a fixed income for life. Since pension freedoms were introduced, people have had greater control over how and when they access their pension savings.
How much pension do you need to retire at 50?
Achieving an early, comfortable retirement requires careful planning
For many people, retiring at 50 sounds like the ultimate financial goal. Instead of waiting until their 60s, they could have decades to travel, pursue hobbies or simply enjoy a slower pace of life. The catch is that your money may need to support you for several decades, making careful planning particularly important.
How pensions could help parents avoid the £100k childcare cliff edge
Half of people are unaware that pension contributions can reduce adjusted net income
Pensions are designed to help fund retirement, but they can also play a valuable role in wider financial planning. This could be particularly important for parents balancing the high cost of childcare, with holiday clubs alone costing families an average of £179 per week.