Boost your retirement income with a state top-up
Pension credit is a tax-free benefit aimed at retired people on low incomes. It is means tested but for those who qualify can be worth up to thousands of pounds a year. However, an estimated 1.3 million people who are eligible don't claim pension credit - in many cases because they don't realise they're entitled to it.
Pension Freedom - Martin Lewis’ 5 minute briefing
What to do with pensions at retirement
The 6 April 2015 Budget saw the most radical changes to private pensions for a generation. The political spin is it was for 'freedom and choice in pensions'. This sounds like an unmitigated plus. Indeed there are many more options, and for those who know what they're doing it's great, but it also means it's easier to make a mistake.