Wife retires next year. What's the best pot to draw retirement income from?
Live off the savings and allow the pension pot to continue to grow tax free? At least for a few more years anyway.
Or leave the savings as they are (State Savings) and buy an ARF/Annuity next year with the pension fund?
I saw a comment recently that suggested that it's more tax efficient to live off savings from an inheritance perspective but are there other factors to consider?
Live off the savings and allow the pension pot to continue to grow tax free? At least for a few more years anyway.
Or leave the savings as they are (State Savings) and buy an ARF/Annuity next year with the pension fund?
I saw a comment recently that suggested that it's more tax efficient to live off savings from an inheritance perspective but are there other factors to consider?