Pension Q&A
What not to do
Simple tips

Our pension pots have slumped, our faith in the markets is shaken, and our retirement plans may have to be put on hold. But we're not giving up yet!

We're the Pension Refuseniks. And we've got some questions...


What's going on with pensions in 2020?

For many pension-holders across the UK, this year has made long-term financial planning a challenge. Markets have fallen dramatically, dragging pensions down with them, and it could be years before they significantly recover. So how could you adjust your saving and spending habits to protect your retirement, and what else do you need to know?

  • Alternative sources of pension income
  • Why it’s a bad time to sell after a market crash
  • Little-known drawbacks of stopping contributions

Answers to your pension questions

Uncertainty is everywhere and hasty decisions could bite you later. So what do you need to know?

What should I do about my pension losses?

Should I move into cash or lower risk funds?

How do I check where my pension is invested and what level of risk I'm taking?

I need my pension for my income - what are my options now?

How could I supplement my pension with other savings or government relief?

Is it a bad time to take tax-free cash or buy an annuity?

What happens if I stop paying into my pension?

Can I fully encash my pension?

Can I take my pension early?

I've been furloughed - what happens to my pension?

My hours have been reduced - what happens to my pension?

I've been asked to take unpaid leave - what happens to my pension?

I'm off sick - what happens to my pension?

Can I increase the income I take from my pension for extra rainy day cash?

Top 5 topics to know about

1. Is it a bad time to sell up and move to cash?

2. What's the best way to let my pension recover?

3. Should I delay taking tax-free cash or an annuity?

4. What happens if I stop paying into my workplace pension?

5. How can I supplement the income I take from my pension?

Tips from saving through to drawdown

What are your options now? Things to consider at your lifestage.

I'm already in drawdown

• Worried about x, y, z?

• Consider a, b, c

 

Next steps for you

I'm retiring soon

• Worried about x, y, z?

• Consider a, b, c

 

Next steps for you

I'm making contributions

• Worried about x, y, z?

• Consider a, b, c

 

Next steps for you

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