Five things to know before accessing pension freedoms
By Cristian Angeloni, 9 Apr 20
During the first bear market since they were introduced
Since the introduction of pension freedoms in 2015, the first quarter of the tax year (6 April to 6 July) has always seen the highest volume of withdrawals.
Possibly because people want to make the most of their tax allowances from the beginning, but for those accessing their pension pots for the first time, there are many things they need to bear in mind.
Especially as this is the first bear market since pension freedoms were rolled out and retirees need to be mindful of these never-before seen circumstances.
Click through the slides to find out the five most important tips on using pension freedoms, according to Tom Selby, senior analyst at AJ Bell.
Tags: AJ Bell | Covid-19 | Pension Freedoms | Tom Selby
