Adviser Answers: Can I Retire at 55 In The UK With £500K?

Описание: A common question I am asked is "can I retire at x age with y amount in my pension?". This video aims to illustrate if you can retire at age 55 with £500,000 in your pension. I discuss different retirement strategies and how the retirement income decision can impact on the feasability of retiring, including well as annuities and drawdown. I also explain the tax-free lump sum from your pension and how you can access this.

0:00 Introduction
0:37 Defining lifestyle in retirement
1:20 Options for accessing your pension
2:27 Flexi-Access Drawdown
5:08 How tax-free cash impacts on sustainability
7:03 Annuity
10:17 Comparison of the two options

FREE RETIREMENT CALCULATOR: www.ben-atherton-finance.co.uk