In this guide
If you have an account-based pension, the new financial year presents an opportunity to review your payments.
It’s a time to think about whether you’re happy with your current income or would prefer to withdraw a larger amount and enjoy a more comfortable lifestyle.
Alternatively, perhaps you’re concerned about whether your current payments will exhaust your savings too quickly.
You may also find you must increase your payments to comply with minimum withdrawal requirements. Perhaps you have had a milestone birthday that triggers an increase in your minimum withdrawal percentage, or strong investment returns have increased your balance since last year.
Learn more about minimum pension withdrawals.
Are my payments sustainable?
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