Drawdown vs Annuities | Pensions UK | Which Is Better?

Drawdown vs Annuities | Pensions UK | Which Is Better?
When it comes to retirement and that is what are your options to take money from your Pension. Specifically, we will be looking at Drawdowns and Annuities and how they can be used to fund your retirement years.

Drawdowns are typically the more flexible of the two options when it comes to accessing your Private Pension. It is a method to take a proportion of your Pension Pot as income, while the rest of the pot remains invested in the stock market until you need to draw from it again.

Annuities are financial products that provide you with a regular retirement income in exchange for your savings, typically funded by your defined contribution pension. It is designed to provide you with a guaranteed stream of income during your retirement years.

Chapter Information (Drawdown vs Annuities | Pensions UK | Which Is Better?):
0:00 Introduction
0:30 Pension Types
1:59 Drawdowns Explained
3:59 Drawdowns: Pros and Cons
5:48 Annuities Explained
7:40 Annuity Costs
8:39 Annuities: Pros and Cons
10:29 Drawdowns Vs Annuities

🔹Compare Annuities: https://comparison.moneyhelper.org.uk...

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#Pensions #Drawdowns #Retirement