How to manage your money in retirement | Do More With Your Money 163

Is your Pension set up to give you a rich and fulfilling retirement? Our expert panel explain the simple ways you can do more with your Pension in retirement and continue to build your wealth. Staying invested and finding the right withdrawal rate is important – you may be able to increase your tax efficiency and increase your family wealth by naming Pension beneficiaries. Do more with your Pension today.

0:00 How to manage your money in retirement
1:40 Why investing in retirement matters
2:30 Your options with Pension drawdown in retirement
5:17 What is a good yearly withdrawal rate from your Pension?
7:28 How to take income from your Pension pot
9:00 New rules on the Lifetime Allowance & Money Purchase Annual Allowance
12:28 The risk when taking larger lump sums from your Pension
14:40 Your Pension is sheltered from Inheritance tax
15:50 The importance of adding beneficiaries to your Pension
17:00 Have the conversation now with your beneficiaries
19:02 Deciding your expenditure in retirement
22:25 Consider the cost of care in later life
23:48 True Potential's Charity Football tournament

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