Taking your pension
The choices you face when you start taking money out, and the tax on each one.
Tax-free lump sum: take 25% now or leave it invested?All at once or in stages, the traps (emergency tax, MPAA) and the 2027 inheritance tax angle.
Minimum pension age rises to 57 in April 2028: who is affectedWho is affected by date of birth, who keeps a protected pension age, and the transfer trap.
Pension drawdown explained: how it works and how long it lastsHow it works, how long a £300,000 pot lasts, sequence risk and drawdown vs an annuity.
Tax on pension withdrawals, and how to avoid overpayingWorked examples, emergency tax on the first withdrawal and which form gets it back.