How do you actually access your pension pot?

Pensions payouts can be confusing, but good news! You don’t have to figure it out alone. With a third of people over 55 unsure about their options and many worried about tax implications, we’re here to make it all a little clearer. Former Pensions Minister Steve Webb joins Holly and Lucy to demystify the process, explaining when and how you can access your pension, the pros and cons of lump sums, drawdowns, and annuities, and how to make sure your money lasts through retirement.Guest: Steve Webb, Partner at Lane Clark and Peacock & Former Minister for Pensions.Contact: Lucy and Holly at: moneyteam@thetimes.co.uk Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

A weekly podcast for those who want to understand money better. A podcast from The Times and Sunday Times about what is possible.Presented by Holly Mead, an expert in personal finance, the podcast explores how money shapes our lives - from friendships and families to weddings, homes, and the daily challenges of saving and spending.Each week, Holly takes a single subject such as pensions or tax to test out with tried and tested experts, many from the Times Money team. The aim is simple: to give you the insights and information you need to make your money work better for you. Hosted on Acast. See acast.com/privacy for more information.