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Pensions Explained - Page 2

What is a Defined Benefit Pension?
My dad has a defined benefit pension. It seems having a final salary pension means he'll never run out of money in retirement...
What Happens to My Drawdown Pension When I Die?
What happens to your pension pot after death? Who inherits your pension drawdown arrangement when you die, and what are the rules surrounding pension death benefits?
Do I Have to Move My Whole Pension to Drawdown?
If you use flexi-access drawdown, do you have to move your entire pension pot all in one go? Can you allocate your pension gradually to drawdown?
How Are the New Pension Drawdown Rules Different From the Old Ones?
How are the new flexi-access drawdown pension rules different from the old income drawdown rules? What's the difference between new drawdown contracts after the pension freedoms and old capped / flexible drawdown contracts?
Can I Move My Old Drawdown Pension to New Flexi-Access Drawdown?
Can I move my old drawdown pension to flexi-access drawdown? Can capped drawdown pensions convert to new pension drawdown contracts?
What is the Pension Annual Allowance?
Can you carry forward unused pension allowance from previous tax years? What is pension carry forward and how do I carry over my pension allowances?
Can I Carry Forward Unused Pension Annual Allowance?
Can you carry forward unused pension allowance from previous tax years? What is pension carry forward and how do I carry over my pension allowances?
How Many Pensions Can You Have?
How many pensions can I have? Can you have too many pensions? Is there a limit on the number of pensions you can claim tax relief on?
What Is a Defined Contribution Pension?
What is a defined contribution pension? Is a defined contribution pension the same as a money purchase pension? Who contributes to a money purchase pension, and what should you do with your pension pot after you retire?
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