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How to avoid pension drawdown mistakes. Your Wealth. Winter 2021

In this issue of Your Wealth we look to 2021 as a year of hope and recovery from the Coronavirus pandemic. With New Year’s resolutions on avoiding pension drawdown mistakes and understanding the age you can take a pension; we hope this winter 2021 issue can help you plan for a long and healthy retirement.

Pension drawdown mistakes; don’t overdo it

One of the biggest mistakes people make with a pension drawdown is not knowing you can vary your income in phases and even stop the drawdown altogether. In fact research shows that half of people in a pension drawdown are unaware of how to manage it, resulting in many raining their retirement savings far too fast. Find out how these mistakes can be avoided by downloading the full Your Wealth issue below.

Your wealth, a window of hope for 2021

As Our vulnerabilities have been laid bare over the last year, as the pandemic took hold of all our lives, and continues to present challenges on a variety of levels. Economic frailties have been exposed but, as we enter 2021, hope hangs in the air with the prospect of recovery in the New Year and beyond. We look towards the future in the Your Wealth issue below.

Market news, ESGs and responsible funds

In the markets we see the majority of fund managers positive for the year ahead, expecting economic recoveries as the various Covid-19 vaccines reach people. Also, the pandemic has highlighted environmental, social, and governance issues to businesses, resulting in an increase in ESG and investment funds.

All information on the attached guide is based on our current understanding of taxation legislation and regulations and are subject to change.

Your Wealth - Winter 2021
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For help and advice in financial planning, mortgage advice and retirement planning speak to our experts.

GET IN TOUCH This article was written by Adam Prestwood.


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