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How to access your pension

The way you choose to access your pension can have a big impact on the amount of money you have to live on in later life. So which option is right for you? Which? Money Editor Jenny Ross &amp; Tom Selby, Director of Public Policy at AJ Bell explain how annuities and pension drawdown work, including the pros and cons of each method for turning your savings into a retirement income. <a href="https://www.which.co.uk/money/pensions-and-retirement/options-for-cashing-in-your-pensions/pension-income-drawdown/compare-pension-drawdown-plans-and-charges-aMxXo0o2dHBV" rel="noopener noreferrer" target="_blank">Read our reviews of drawdown providers</a> &amp; <a href="https://signup.which.co.uk/wlp-money-newsletter" rel="noopener noreferrer" target="_blank">sign up to our free weekly Money newsletter</a> <a href="https://www.which.co.uk/money/pensions-and-retirement/options-for-cashing-in-your-pensions/annuities/annuity-rates-aQGfH6W5n2rm" rel="noopener noreferrer" target="_blank">Find out the best annuity rates on the market right now</a> <a href="https://www.which.co.uk/podcastoffer" rel="noopener noreferrer" target="_blank">Get 50% off a Which? membership</a> This episode was originally released in December 2024﻿

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