Annuity or Drawdown? How to Choose in 2026

Should you buy an annuity or keep your pension invested in drawdown? A plain-English comparison, plus how to combine the two.
Smart retirement guides in the UK
Smart retirement guides in the UK

Should you buy an annuity or keep your pension invested in drawdown? A plain-English comparison, plus how to combine the two.

When it comes to taking your 25% tax-free lump sum from a pension, many people rush into it without understanding the full impact. In this video summary, Toby Hines, a UK Chartered Financial Planner, explains why taking that lump sum…