Hargreaves Lansdown

Pensions & retirement

Retirement still far away?

Find out how you could build a bigger pension

Find out more about SIPPs

Calculators

Is your pension on track?

Find out with our FREE pensions calculator.

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Find out more about SIPPs

Income drawdown calculator

Calculate the maximum income you could draw using income drawdown.

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Find out more about income drawdown

Income drawdown is a complex product and if you are at all unsure of its suitability for your circumstances we strongly recommend you seek advice.

New pension rules explained: taking the whole lot as a lump sum and other freedoms.
Plus what are investors doing?

Published 2/10/2014: Pension rules are changing. From April 2015 all income limits and restrictions will go. You could even take the whole fund as cash, if you wish. 18 million people will be able to benefit. What could the changes mean for you? How will they work in practice? Could you miss out? Charlotte Cowen interviews Tom McPhail, Head of Pensions Research, to answer your questions. Plus, hear the story of three clients and see what they're doing in response to the new changes.

Case study

"I wanted to take the tax-free cash but no income and with my provider it was all or nothing"

Lillian Billing, London

Case study

"With the new freedoms, my pension could be the best way to help my children"

Phil Warren, Burnham-on-Sea

Case study

"I choose how I spend my money. Nobody else is choosing it for me"

Barry Moorhouse, Castle Cary

Case study

"The recent changes make the SIPP even more attractive"

Colin Hamp, Pewsey