On Friday we had a presentation from Steve Wragg about the choices we have regarding our pension when we retire. Steve is our Independent Financial Adviser and often gives us very useful pieces of information about how we should view our finances.

Last week he explained how the choices we have in relation to accessing the money we save into personal pensions have been much wider since pension freedoms were introduced back in 2015. We learned that it was possible to access your pension savings for an income, lump sum or both and also that there are different ways of doing so. It was incredible to hear how many things are considered by Steve when he gives advice regarding if, when and how an individual should access their pensions.

All the members agreed that if we had learned one thing from Steve’s presentation it was that pensions are an incredibly complex arrangement and you should definitely take the proper advice when starting one, making changes or taking money back out.