You now have more freedom over how you take money from your pension pot.
These changes affect you if:
- you're 50 or over, and
- have a pension based on how much has been paid into your pot (a defined contribution pension).
The Government has launched the Pension Wise website to assist and provide useful information and support. Pension Wise is the first port of call for consumers, offering free and impartial guidance to people with a defined contribution pension approaching retirement.
Pension Wise can’t answer specific questions about your pension. For independent help, you can contact:
Pension Wise won’t recommend any products or tell you what to do with your money, they merely provide guidance on your pension options.
Pension Wise have a local service which is based in the Citizens Advice Dudley & Wolverhampton Office (see contact details below). An appointment can be made with a regional Pensions Advisor who can provide specialised support and advice to you.
You can also write to us by post:
PO Box 10404
Ashby de la Zouch
For further information please contact us or visit our website via the link below.