You might have heard that you can now take out some of your pension once you hit 55. But is this a good idea? David Mount, Brookson Financial MD, can help you decide.
Since April 6th, 2015, those over 55 have had more freedom over what they do with their pension savings. While you could always take out up to 25 per cent of your pension fund at this age, now there are a range of other options you can take to improve your financial situation once the time comes to retire.