Hello,
I have reached the milestone age of 50. I have a previous pension with previous employer worth 100k.
I am defo taking 25% tax free as need the money. I am so confused what to do with the rest. Not sure whether to take the balance and pay tax. I dont want annuity as afraid wouldnt get value if I died even though perfectly healthy now. I dont understand how ARF works. Can anyone advise. I know it is re invested. When can i access it then or do i need to be 65?
I have reached the milestone age of 50. I have a previous pension with previous employer worth 100k.
I am defo taking 25% tax free as need the money. I am so confused what to do with the rest. Not sure whether to take the balance and pay tax. I dont want annuity as afraid wouldnt get value if I died even though perfectly healthy now. I dont understand how ARF works. Can anyone advise. I know it is re invested. When can i access it then or do i need to be 65?