Making an uneducated choice about your pension option can wreak havoc on your financial future, leading you to pay more in taxes than you ever anticipated, miss out on the vacations you always dreamed of in retirement or, even worse, leave your loved ones struggling to afford everyday living expenses after you have passed away.
After many years working, the last thing you would want to do is make a pivotal mistake when selecting a pension option. Below I provide four key factors to consider when making your vital pension decision.
