Retirement sequencing for a Cardiff couple
Helen and her partner arrived with three pension pots and a part-time consultancy income they hoped to keep for another four years. The constraint was tax: drawing too early from the largest pot would have pushed them into a higher band while State Pension was still years away.
Our retirement income plan set a drawdown order, delayed one pot intentionally, and listed the month they should claim State Pension based on their spending sheet. Helen’s mild reservation — wishing they had started earlier — is fair; the modelling still gave them an eight-year path they could print and pin to the fridge.