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Nigel's story

Deferring my pension - Nigel's story

65 years old

Nigel has reached his State Pension age but is still working as a pub landlord. Having looked at the income his pension would provide, he doesn't feel that retiring now would give him enough to maintain his current lifestyle. He hopes that in a few years’ time his pension savings might generate a more comfortable income. It is important Nigel makes sure that by deferring taking his pension he doesn't lose any guarantees that might apply only at his selected retirement date.


Full story

Nigel has a . He wants to enjoy his retirement and would like his pot to hopefully generate a more comfortable income.

As Nigel enjoys his job as a pub landlord he’s happy to .

He’ll continue to put Then when Nigel does retire he could potentially get an annuity income of around AMOUNT per month after taking his 25% tax-free cash lump sum.

Nigel’s figures

His current pension pot
£000

If Nigel retired today he’d receive around:

Tax-free lump sum
£000
Total income per month
£000

His pot’s value after YEARS
£000

His tax-free lump sum after YEARS
£000

Nigel’s potential monthly annuity income after PENSION_START
£000

Nigel is also entitled to the new State Pension of
£155.65 per week.

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