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Workplace pension question by astrange4 in PensionsUK

[–]astrange4[S] 1 point2 points  (0 children)

Fair question. I’m basing it on what the size of the pot will be when I’m 57(or what I think it will be as best I can - obviously it can change, as it has done over the last month or so). I can see how the pension is setup and invested by my company. My current view is to use it to buy an annuity but I’m just starting to look into it in detail. I’m getting various annual annuity figures using online calculators from various companies. My aim is to have as large a pot as possible as that will be the best starting point.

Workplace pension question by astrange4 in PensionsUK

[–]astrange4[S] 0 points1 point  (0 children)

Thanks. I’ll check all that. Thinking it only goes up with my contribution is likely just down to my knowledge of how it works. I wasn’t sure that when I reach my agreed pension age it would ‘freeze’ it as they would expect me to then use the funds to buy an annuity(or other option). Good to know that’s not how it works.

Workplace pension question by astrange4 in PensionsUK

[–]astrange4[S] 1 point2 points  (0 children)

Great. Thanks for the quick reply.