Coming next month
New pension freedoms provide us with a wide range of options and the control we need to make the most of our retirement savings.
But it also means we are faced with a huge number of choices over what we use our savings for and when we use them. Before making a decision, savers need the answers to many questions to help them work out what is best for them.
For example: Will I get a guaranteed income for life? How much income is it safe to take each year so that I don’t run out of money? Will I be able to take out capital sums to pay for large purchases? Can I leave money to the next generation?
Savers also find it difficult to work out how much of their retirement pot they should allocate to each of their objectives. For example, what is the right mix of guaranteed income for life and flexible income? And some savers aren’t aware that they can blend several solutions together to fit their needs.
In the April issue of Thinking Ahead, we will take an in-depth look at the options savers approaching retirement face - and how they should use those savings to meet their needs.
Retirement on the horizon? Find out what your options are.
Use our tool to find out what your pension might be worth when you retire.
Already have a pension with Aviva? Monitor it online at the touch of a button with MyAviva.