Retirement might be a long way off for you, or right around the corner - but either way you should have a plan for what to do with your pension. How does the money you've put away and grown over time turn into cash you can use to support yourself? There are two ways:
What happens when you retire?
A pension is a way of saving for your retirement. Hopefully by the time you retire you'll have built up a substantial pot. At that point, you have to turn it into an income.
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