Deferring my pension

Nigel's story – 66 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. Nigel does not have any valuable guarantees on his pension pot so if he wants to defer taking his money, it is fine for him to do so.

Nigel's 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 £289 per month after taking his 25% tax-free cash lump sum.

Please click here to read the assumptions we’ve made

Scroll down to see Nigel's figures

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