Retirement Options | Retirement Planning | Pensions
With life expectancy increasing the decisions you make when you stop or reduce work are likely to have an impact for much longer. You should therefore look to adopt a strategy that could be required to support a varying lifestyle for many years to come.
As a result of changing lifestyles and expectations there have been a number of changes to pensions legislation which came into effect in April 2006. These mean that you will have greater flexibility to use your pension benefits:
- Allowing higher maximum contributions into pension funds
- Removing restrictions on the level of income that can be taken from a pension fund
- Allowing you to keep working whilst drawing part or your pension if you want to
