How recycling pension income can help your clients

When people start to access their pension savings, the first thing they normally do is take the tax free cash. They then decide how best to take the income from the remaining balance, whether it's in the form of an annuity, or using capped income withdrawal. This article looks at how people , who don't currently need to take an income, or who have an income surplus to their immediate needs, can make their pension savings more efficient with active financial planning - and at no cost. Two key components to consider are: • What income, after tax, their pension savings will provide in th...