Timothy Sumer

Early pension release means withdrawing money from your pension before the minimum age of 55, or 57 by 2028. Unless you have exceptional circumstances, such as ill health, you’ll be charged a substantial amount of tax on your withdrawal, and could risk losing all of your savings to scammers. Personal finance journalist and money blogger Faith Archer explains the rules around early pension release, and what to watch out for so you don't get scammed. Visit our Pensions Explained Centre for more information on early pension release and taking your pension: Sign up today: (capital at risk) * Please like, share and subscribe if you like what we're doing! Share your thoughts in the comments box below. PensionBee makes it easy to stay on top of your pension and take back control of your personal finances. Check out our plans and learn more about what we do at: (capital at risk) Read our blog for money saving tips, pensions info, and more: ... ( read more )

How can I take my Personal Pension/SIPP? Your Retirement Income Options and Planning for your Retirement! In this video I give an overview of some of the key ways you can take your Personal Pension or SIPP. I highlight three of the main ways that you can take an income from your Pension and give real quoted examples that have been sourced from the open market. I give an idea of the income that can be obtained using either Flexi-Access Drawdown, purchasing an Annuity or a Fixed Term Annuity. The basis of the Annuity is assumed as follows: - *Standard rate (not enhanced, the client has no medical/lifestyle factors that increase the starting rate of the annuity) *Level *Payable monthly in arrears *Single life basis (no spouses/dependents benefit has been built in) ⏰ 0:00 - Introduction 1:22 - What to watch out for? 2:11 - Tax? 2:38 - Annuity 5:47 - Annuity or Drawdown? 7:09 - Increasing Annuity 8:42 - Fixed Term Annuity 10:10 - Flexi Access Drawdown 12:15 - B

Drawdown, UFPLS or Annuity? Since the pension freedoms of 2015, taking money out of a pension has been more flexible than ever. But having more options can lead to confusion and then inertia - we’re unable to make a decision because we don’t understand all the options. So let me help you out... #meaningfulmoney #meaningfulacademy #retirementplanning 🔴 - Click here to watch Pensions Explained UK | Pension Basics for everyone 🔴 - Click here to watch Pension vs ISA - So many people get this WRONG! 👉 MeaningfulAcademy - Financial Foundations: 👉 MeaningfulAcademy - Build Wealth: 👉 MeaningfulAcademy - Retirement Planning: 🏷️ Use PROMO Code "YOUTUBE" to save on any of the three courses. Chapters: 00:00 Your options 00:33 Introduction 01:29 Confrontation of Problem 01:43 The Options Explained 06:53 When you would use an annuity 08:02 When you would use Flexi-Access Drawdown 09:18 When you would use UFPLS 09:59 Conclusion 🎥 Budge