How to Draw Money from a Pension - A Practical Guide

Introduction

Your client holds multiple pension arrangements and is now ready to start accessing their funds - so, what are the next steps?

This session will explore the practical considerations and actions involved in managing pensions for withdrawal, a scenario likely to become increasingly common with the potential removal of the IHT exemption.

The focus will primarily be on defined contribution pensions (such as SIPPs and personal pensions), while also covering defined benefit schemes (like final salary pensions) and the State Pension.

What You Will Learn

This live and interactive course will cover the following:

• An overview of the options available when accessing defined contribution (DC) pension plans, and how to determine the most suitable approach
• Steps for restructuring DC pension funds to facilitate withdrawals, whether through drawdown or annuity purchase
• How to initiate withdrawals from a defined benefit pension scheme
• What needs to be done in relation to the State Pension?
• Understanding the regulatory boundaries (particularly those set by the FCA) when providing advice

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.