Understanding pensions – what is drawdown?
Category: pensions & retirement & Retirement Planning
Category: Lifestyle & Mortgages & pensions & property & Wills
Category: pensions & retirement & Uncategorized
The new single-tier state pension, also referred to as a ‘flat-rate’ pension, came into effect at the start of April this year. Whilst it makes the system simpler, as well as increasing the basic state pension from around £120 per week to a starting figure of £155 per week, the new system is not set to benefit everyone. To find out whether you’re one of the people who will be better off, one of those losing out, or someone who won’t be affected by the changes at all, read on.