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Defined Benefit (DB) pensions: What you need to know

Making Money

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Navigating Pension Complexity

This chapter explores the intricacies of retirement ages across various pension schemes, notably the NHS, and recent legislative changes that impact minimum pension ages. It emphasizes the importance of understanding individual pension rules, the financial implications of early versus delayed retirement, and the significance of additional savings like stocks and shares ISAs. The discussion also highlights personal motivations for retirement and how climate influences travel choices during retirement, providing a comprehensive look at financial planning and decision-making.

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