When you’ve built up a decent pension pot over many years, you might find it a bit nail-biting to move from saver to spender as you start taking money out....
How much can you really take out of your pension to see you through retirement in comfort, but without burning through your savings too quickly? Some wealth managers say 5%...
Under current legislation, you can start taking an income from your pension fund when you reach 50. However, on 6 April 2010, the minimum pension age will increase to 55.