How to use your lifetime of pension savings to pay yourself an income in your retirement

By Richard Dyson and Richard Evans

You have spent a few decades working, earning a salary, and saving into company and personal pensions along the way. Now, retirement is approaching.

How will you turn your savings into a salary to pay for essentials and – and non-essentials – in retirement? How will you make sure that you don’t run out of money in retirement? What do the UK pension freedoms mean for you?

In this one-of-a-kind book, personal finance experts Richard Dyson and Richard Evans answer these questions and equip you with everything you need to know to turn your pension savings into an income that will last throughout your retirement.

You will learn:

— How to take control of your pension savings by tracking down all of your pension pots and combining them.

— When you can afford to retire.

— Steps to take to avoid running out of money.

— How to build an income-paying portfolio of fund investments from scratch.

— How to withdraw a sustainable income from your portfolio.

— How annuities work and whether they have a role for you.

— How to make the most of the tax rules.

— The importance of the state pension and how to maximise it.

— When to seek professional advice.

This is your complete, step-by-step guide to organising your pension money and making the most out of it to pay yourself a retirement salary. Don’t enter retirement without it.

Richard Dyson is a prize-winning financial journalist with a 20-year career writing for many of Britain’s leading media groups and specialist investor titles, including the Express, Mail on Sunday, Investors Chronicle, and the Daily Telegraph and Sunday Telegraph.
He was previously Head of Personal Finance at the Telegraph Media Group, where he oversaw all the personal finance and investment writing across the Telegraph titles and websites.
He has won numerous awards for financial writing including, in 2016, being named the Personal Finance Society’s Journalist of the Year.
He conceived the Telegraph’s widely followed Questor Income Portfolio, a publicly tracked portfolio of 25 stocks and bonds aimed squarely at retired investors who seek income.
Launched at a time when the Bank of England’s Base Rate was just 0.25%, the portfolio has succeeded in generating its target 5% income, maintained its capital value and delivered strong total returns.

Richard Evans is one of Britain’s leading investment commentators and an expert on the enormous range of funds – such as unit trusts and investment trusts – available to individual savers.

His knowledge has been largely amassed through one-on-one interviews with fund managers and other professional investors over the course of many years.

With a particular interest in sustainable income investing, Richard Evans invented the "1% rule" – fully explained in this book – which enables non-specialist savers to ensure they do not deplete their investments too quickly.

Richard Evans currently edits the Daily Telegraph’s Questor share- tipping column. He was previously Personal Finance Editor of the Daily Telegraph.