Published On: Thu, Feb 13th, 2020

Pension withdrawals: How to make retirement savings last | Personal Finance | Finance

You will have to pay ongoing fees for your investments to be managed and for things like set-up costs.

Over time these mount up, so it’s worth keeping an eye on them to make sure you are getting the best deal and to know what effect they’re having on your savings pot.

6. Keep and eye on investment markets

The value of investments can go down as well as up and a rocky time on the markets can reduce how much your income drawdown fund is worth.

A financial adviser can give you advice on how to minimise that and may advise you to change what you are invested in or reduce the amount of income you take until markets recover.

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