South Lakes Citizens Advice Bureau Pensions Advice - 16/06/2015
In April 2015 new rules relating to pensions came into affect . Anyone who is 55 or over now has new freedoms when accessing their defined pensions.

A defined pension is a personal or workplace pension based on how much money has been paid into your pot. Also known as ‘money purchase’ schemes.

When you take money from a defined contribution pension it comes from the money you (and sometimes your employer) saved into it over the years, plus any investment returns your money may have earned.

There is no guaranteed minimum - you could get back less than the amount paid in.

For advice please contact 01900 68981
Contact nameSteve Troake
OrganisationSouth Lakes Citizens Advice
Contact tel01900 68981
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