5 Things You Need to Know About Pension Drawdown

In this video we look at what pension drawdown actually is, how it works, some of the advantages and disadvantages, aswell as the risks of it. We explore some little known options that you can use to maximise the tax efficiency to allow you to take a tax efficicnet income, aswell as take advantage of little known rules around pension contributions once you are in drawdown and if you can contribute to a pension once you retire.

TIMESTAMPS:
00:00 Introduction
00:51 The advantages of pension drawdown
01:18 What age can you start pension drawdown
02:05 How to take an income or tax free cash from pension drawdown
04:15 How is Pension Drawdown Taxed
07:03 What happens to your drawdown pension when you die?
08:53 What are the risks of pension drawdown?
10:39 Pension contributions and drawdown

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DISCLAIMER:
The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must thoroughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek Independent advice from a professional adviser. Tax rules and legislation is subejct to change. HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen. The Financial Conduct Authority does not regulate tax planning. The value of investments and any income from them can fall as well as rise, and you may not get back the original amount invested. Past performance is not a reliable indicator of future performance and should not be relied upon.