{"id":47274,"date":"2026-03-09T20:37:59","date_gmt":"2026-03-09T20:37:59","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/?post_type=rbcwm_solutions&#038;p=47274"},"modified":"2026-06-05T18:45:44","modified_gmt":"2026-06-05T18:45:44","slug":"pensions-and-retirement","status":"publish","type":"rbcwm_solutions","link":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/solutions\/pensions-and-retirement","title":{"rendered":"Pensions and retirement planning"},"content":{"rendered":"\n<div class=\"wp-block-rbcwm-hero-block rbc-hero-wm  rbc-hero-overlap rbc-hero-overlap-mobile rbc-hero-nn4zojnk9 hide-mobile-energy-lines is-style-cta-text\"><style>\n\t\t.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient::before {\n\t\t\tbackground: linear-gradient(90deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient.rbc-hero-has-image-bleed::before {\n\t\t\tbackground: linear-gradient(90deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom::before {\n\t\t\tbackground: linear-gradient(180deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-nn4zojnk9 .rbc-hero-energy-lines.rbc-hero-energy-lines-left {\n\t\t\ttransform: scaleX(-1);\n\t\t}\n\n\t\t@media (max-width: 991px) {\n\t\t\t.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient::before,\n\t\t\t.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom::before,\n\t\t\t.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient.rbc-hero-has-image-bleed::before {\n\t\t\t\tbackground: none;\n\t\t\t}\n\n\t\t\t.rbc-hero-nn4zojnk9.rbc-hero-has-image-full.hide-mobile-energy-lines .rbc-hero-energy-lines {\n\t\t\t\tdisplay: none;\n\t\t\t}\n\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient .rbc-hero-img-wrap::after {\n\t\t\t\tbackground: linear-gradient( 0deg, #023169 0%, rgba(94, 120, 131, 0) 25% );\n\t\t\t}\n\t\t\t\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom .rbc-hero-img-wrap::before,\n            .wp-block-rbcwm-hero-block.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom .container .rbc-hero-img-wrap::before {\n\t\t\t\tbackground: linear-gradient( 180deg, #023169 0%, rgba( 94, 120, 131, 0 ) 25% );\n\t\t\t}\n\t\t\t\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-nn4zojnk9.is-style-rbc-hero-gradient .rbc-hero-card {\n\t\t\t\tbackground: #023169;\n\t\t\t}\n\t\t}\n\t<\/style><div class=\"container\"><div class=\"row no-gutters\"><div class=\"col-lg-12 rbc-hero-card-content\"><div class=\"rbc-card rbc-hero-card rbc-hero has-content\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"rbc-hero-body-content\"><h1 class=\"rbc-hero-title\"><span>Pensions and retirement planning<\/span><\/h1><span class=\"rbc-hero-category\"><span>Wealth planning <\/span><\/span><div class=\"rbc-hero-breadcrumb link-chev-left\"><div class=\"rbc-icon mr-half\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-left\" style=\"color:#006ac3\"><\/i><\/div><span style=\"color:#006ac3\"><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/solutions\/\">Solutions<\/a><\/span><\/div><hr class=\"rbc-hero-hr hr-mini bdr-accent\"\/>\n<p class=\"rbc-hero-subtitle\">Retirement is about the freedom to do more of what you\n\t\t\t\t\t\t\t\t\tlove. We make it straightforward to see what\u2019s possible \u2013 guiding you through every\n\t\t\t\t\t\t\t\t\tchoice to build a plan that brings your ambitions to life.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"rbc-hero-img-wrap undefined\"><\/div><div class=\"align-self-end order-lg-3 col-lg-7 cta-text\"><div class=\"rbc-button-block row no-gutters align-items-end rbc-hero-button-overlap\"><div class=\"col-lg\"><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/contact-us\" class=\"rbc-button  rbc-button-large rbc-button-secondary rbc-button-block rbc-button-block-cta\"><div class=\"rbc-icon rbc-button-icon-right\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fa-angle-right fal\"><\/i><\/div>Contact us<\/a><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<section class=\"wp-block-rbcwm-image-block rbc-block rbc-block-image rbc-block-grey rbc-block-flush rbc-block-image-bleed rbc-block-image-mobile-top has-theme-color has-block-grey-background-color has-text-color has-background has-link-color wp-elements-02c1569d9ef9439ac13d25c488a6f762\"><div class=\"container rbc-block-image-container\"><div class=\"row justify-content-between h-100 no-gutters\">\n<div class=\"wp-block-rbcwm-block-image-content rbc-block-image-content rbc-block-image-content-center col-lg-6 order-2 order-lg-1\"><div class=\"rbc-block-image-bleed-body wrap\">\n<h2 id=\"h-planning-for-retirement\" class=\"wp-block-heading\"><strong>Planning for retirement<\/strong>\n\t\t\t\t\t<\/h2>\n\n\n\n<p>Whether you want to travel, learn a new hobby or spend time with family, planning early increases\n\t\t\t\t\t\tyour chances of enjoying a comfortable and fulfilling retirement.<\/p>\n\n\n\n<p><br>Some of the questions to think about include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When do I want to retire?<\/li>\n\n\n\n<li>What do I want to do in retirement?<\/li>\n\n\n\n<li>How much money do I need to retire?<\/li>\n\n\n\n<li>Do I want to leave a financial legacy for my loved ones?<\/li>\n<\/ul>\n\n\n\n<p class=\"has-link-color wp-elements-c396ce502424d0d78a18c67347f1cf31\">We can help you consider your priorities and calculate your projected\n\t\t\t\t\t\tretirement pot. We\u2019ll then explain <a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-much-do-i-need-save-retirement\" data-type=\"post\" data-id=\"23224\" class=\"link-underline\">how much you need to save&nbsp;<\/a>\n\t\t\t\t\t\tand put a financial plan in place to help you achieve your goals.<\/p>\n\n\n\n<h2 id=\"h-saving-for-retirement\" class=\"wp-block-heading\">Saving for retirement<\/h2>\n\n\n\n<p class=\"has-link-color wp-elements-f0dfb5e89f206f62405b7caf3b7e52b4\">Understanding the best way to save for retirement can feel overwhelming.\n\t\t\t\t\t\tPensions are a highly tax-efficient way of saving for retirement, but&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/four-steps-to-tax-efficient-retirement-income\" data-type=\"post\" data-id=\"23292\" class=\"link-underline\">ISAs and other savings and\n\t\t\t\t\t\t\tinvestments<\/a>&nbsp;&nbsp;can be important too.<\/p>\n\n\n\n<p>We can guide you through your options and advise on a retirement savings plan that bridges the\n\t\t\t\t\t\tgap between where you are and where you want to be.<\/p>\n\n\n\n<h3 id=\"h-making-the-most-of-your-allowances\" class=\"wp-block-heading\">Making the most of your\n\t\t\t\t\t\tallowances<\/h3>\n\n\n\n<p>We can help you:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-link-color wp-elements-43ad8ca372d20a98a5d266b7a6ba5846\">Use your&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/understanding-your-pension-annual-allowance\" data-type=\"post\" data-id=\"23288\" class=\"link-underline\">pension annual allowance<\/a>\n\t\t\t\t\t\t<\/li>\n\n\n\n<li class=\"has-link-color wp-elements-bd241e55f77826b13559adce1b7a1e00\">Understand what the&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/lifetime-allowance-abolished-essential-qa\" data-type=\"post\" data-id=\"23312\" class=\"link-underline\">abolition of the lifetime\n\t\t\t\t\t\t\t\tallowance<\/a> means for you<\/li>\n\n\n\n<li class=\"has-link-color wp-elements-071fcb65cb4711ee5ac3f99d0fed0a69\">Navigate the&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-to-navigate-the-annual-allowance-taper\" data-type=\"post\" data-id=\"23290\" class=\"link-underline\">tapered annual allowance<\/a>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n\n\n\n<h3 id=\"h-a-plan-that-suits-your-needs\" class=\"wp-block-heading\"><strong>A plan that suits your\n\t\t\t\t\t\t\tneeds<\/strong><\/h3>\n\n\n\n<p id=\"h-a-plan-that-suits-your-needs\">We can help you:<\/p>\n\n\n\n<ul class=\"wp-block-list has-link-color wp-elements-d73873b5afe014321c5d0758aec7b17c\">\n<li>Build a <a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-to-build-a-diversified-portfolio\" data-type=\"post_tag\" data-id=\"236\" class=\"link-underline\">diversified investment\n\t\t\t\t\t\t\t\tportfolio<\/a><a> <\/a>using the asset allocation that&#8217;s right for you&nbsp;<\/li>\n\n\n\n<li>Decide whether to&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/should-i-combine-my-pensions-one-pot\" data-type=\"post\" data-id=\"23468\" class=\"link-underline\">combine your pension pots<\/a>\n\t\t\t\t\t\t<\/li>\n\n\n\n<li>Understand the impact of&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/should-i-delay-retirement\" data-type=\"post\" data-id=\"23218\" class=\"link-underline\">delaying retirement<\/a><\/li>\n\n\n\n<li>Use other savings vehicles, such as ISAs<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-taking-income-in-retirement\" class=\"wp-block-heading\"><strong>Taking income in\n\t\t\t\t\t\t\tretirement<\/strong><\/h2>\n\n\n\n<p class=\"has-link-color wp-elements-d1d4d01c7324479bf8d95fb622cfbae3\">There\u2019s more flexibility when it comes to drawing income from your pension than there was in the past. Some of your options could include&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/now-good-time-buy-annuity\" data-type=\"post\" data-id=\"23238\" class=\"link-underline\">buying an annuity<\/a>, taking pension lump sums, going into&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/avoid-biggest-retirement-income-pitfalls\" data-type=\"post\" data-id=\"23346\" class=\"link-underline\">income drawdown<\/a>&nbsp;, or a combination of all three. ISAs and other savings and investments could also be an important source of income for you.<\/p>\n\n\n\n<p class=\"has-link-color wp-elements-cb540ce06f641725164046790bf86fa5\">We can guide you through your options, show&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-long-will-my-pension-last-retirement\" data-type=\"post\" data-id=\"23202\">how long your pension pot is likely to last<\/a>,&nbsp;and\n\t\t\t\t\t\texplain how much you can afford to withdraw each year. That way, you\u2019ll feel confident that your\n\t\t\t\t\t\tretirement savings will go the distance.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-blockimage-image col-lg-5 order-0 rbc-block-image-bleed-col order-lg-2\"><div class=\"rbc-block-image-bleed-img-wrap \"><div class=\"rbc-block-image-img rbc-block-image-bleed-img bleed-img-right\" data-src=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/03\/5d741b92a1166515aae0d87c0ce363a3ae38037c.jpg\" data-lazy=\"true\" data-observe=\"{&quot;add&quot;:&quot;ani-opacity&quot;,&quot;remove&quot;:&quot;ani-opacity-from&quot;}\"><\/div><\/div><\/div>\n<\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-flush rbc-block-grey has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\"><div class=\"wrap\">\n<div class=\"wp-block-rbcwm-rbc-button aligncenter rbc-button-block row no-gutters align-items-end b-white blockId-4019e8e2-aaf0-4186-adbf-109f3a403356 blockId-64249d9b-82a2-4242-9119-f8a7347e02e6 blockId-3a2ef21c-7a06-4db3-b3f9-c7716c8e867b rbc-block-has-overlap overlap-bottom\"><div class=\"rbc-card\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"row\"><div class=\"col-lg-8\"><h3 class=\"mb-0 rbc-button-block-title\"><span>Plan for the life you\u2019ve earned<\/span><\/h3><hr class=\"hr-mini my-1-half bdr-warm-grey\"\/>\n<p class=\"paragraph-intro\">Our wealth managers will walk you through your\n\t\t\t\t\t\t\t\t\t\t\t\toptions and build a retirement plan that puts you in control.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"col-lg-7\"><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/contact-us\" target=\"_self\" class=\"rbc-button rbc-button-block-cta rbc-button-large rbc-button-warm-grey rbc-button-block\" rel=\"noopener\"><div class=\"rbc-icon rbc-button-icon-right\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-fal fa-angle-right \"><\/i><\/div><span>Contact us<\/span><\/a><\/div><div class=\"rbc-button-block-text-col d-flex col-lg-5\"><div class=\"rbc-button-block-text flex-grow-1\"><div><span><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/our-offices-and-people?type=people\" data-type=\"page\" data-id=\"458\" class=\"link-underline\">Find a wealth manager<\/a><\/span><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-grey has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\">\n<header class=\"wp-block-rbcwm-block-header row rbc-block-header\"><div class=\"col-lg-12\">\n<div class=\"row\">\n\n<h2 id=\"h-common-questions-about-pensions-and-retirement-planning\" class=\"wp-block-heading rbc-block-header-title col-lg-12\">Common questions about pensions and retirement planning<\/h2>\n\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-block-header-description rbc-block-header-description\">\n<p><\/p>\n<\/div>\n<\/div><\/header>\n\n\n\n<div class=\"row blockId-ab8e603f-3765-4749-a433-df7737bfa06b\">\n<div class=\"wp-block-rbcwm-column col-lg-12\">\n<div class=\"wp-block-rbcwm-expandable-container-block rbc-expandable-container\"><div class=\"rbc-card rbc-card-shadow\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body rbc-card-flush rbc-card-box\">\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"how-long-will-my-pension-pot-need-to-last\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"how-long-will-my-pension-pot-need-to-last-content\" data-target=\"how-long-will-my-pension-pot-need-to-last-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button rbc-expandable-trigger-button-between\">\n<h3 id=\"h-how-long-will-my-pension-pot-need-to-last\" class=\"wp-block-heading h5\">How long will my pension pot need to\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tlast?<\/h3>\n<\/button><\/div>\n\n\n\n<div id=\"how-long-will-my-pension-pot-need-to-last-content\" aria-labelledby=\"how-long-will-my-pension-pot-need-to-last\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-4e2f38a6-fe65-47ab-9c9d-e2b17fed20f1\"><div class=\"rbc-expandable-content-body\">\n<p class=\"mt-1\">You could need your pension pot to last for several decades. It\u2019s really important not to underestimate your\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tlife expectancy. According to the <a href=\"https:\/\/www.ons.gov.uk\/peoplepopulationandcommunity\/healthandsocialcare\/healthandlifeexpectancies\/articles\/lifeexpectancycalculator\/2019-06-07\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"link-external\">Office for National Statistics,<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tthe average life expectancy for a 60-year-old woman is 87 years.\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tHowever, there is a one in four chance of living to 95 and a one\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tin ten chance of living to 99.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"how-much-will-i-get-from-the-state-pension\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"how-much-will-i-get-from-the-state-pension-content\" data-target=\"how-much-will-i-get-from-the-state-pension-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button rbc-expandable-trigger-button-between\">\n<h3 id=\"h-how-much-will-i-get-from-the-state-pension\" class=\"wp-block-heading h5\">How much will I get from the state\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tpension?<\/h3>\n<\/button><\/div>\n\n\n\n<div id=\"how-much-will-i-get-from-the-state-pension-content\" aria-labelledby=\"how-much-will-i-get-from-the-state-pension\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-14d86b57-d32b-4f3a-b268-84da7dd11294\"><div class=\"rbc-expandable-content-body\">\n<p class=\"mt-1\">The amount of money you\u2019ll get from the state\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tpension depends on your National Insurance record. You can check\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tyour <a href=\"https:\/\/www.gov.uk\/new-state-pension\/what-youll-get\" class=\"link-external\" target=\"_blank\" rel=\"noreferrer noopener\">state pension forecast<\/a> and\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tstate pension age here.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"what-should-i-be-doing-five-years-before-retirement\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"what-should-i-be-doing-five-years-before-retirement-content\" data-target=\"what-should-i-be-doing-five-years-before-retirement-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button rbc-expandable-trigger-button-between\">\n<h3 id=\"h-what-should-i-be-doing-five-years-before-retirement\" class=\"wp-block-heading h5\">What should I be doing five years\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tbefore retirement?<\/h3>\n<\/button><\/div>\n\n\n\n<div id=\"what-should-i-be-doing-five-years-before-retirement-content\" aria-labelledby=\"what-should-i-be-doing-five-years-before-retirement\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-4e2f38a6-fe65-47ab-9c9d-e2b17fed20f1\"><div class=\"rbc-expandable-content-body\">\n<p class=\"mt-1\">If you hope to retire in five years, it\u2019s important to speak to one of our advisers. They can advise on\n\t\t\t\t\t\t\t\t\t\t\t\t\t\twhether your plans are achievable. Our wealth managers use <a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/know-your-future-cashflow-modelling\" data-type=\"post\" data-id=\"23348\" class=\"link-underline\">cashflow modelling<\/a>&nbsp; to\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tillustrate how long your money is likely to last in retirement.\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tThis is based on your current finances, how much you\u2019re saving\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tand investing, your spending patterns, and your goals. This will\n\t\t\t\t\t\t\t\t\t\t\t\t\t\thelp you understand whether you need to make any changes to your\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tplans or saving and investing habits.<\/p>\n\n\n\n<p>We can also check whether your pension is invested in the right\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tway. We ensure you\u2019re not taking on too much or too little\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tinvestment risk.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"strongwhat-are-annuities-and-how-do-they-work-strong\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"strongwhat-are-annuities-and-how-do-they-work-strong-content\" data-target=\"strongwhat-are-annuities-and-how-do-they-work-strong-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button rbc-expandable-trigger-button-between\">\n<h3 id=\"h-what-are-annuities-and-how-do-they-work\" class=\"wp-block-heading h5\"><strong>What are annuities and how\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdo they work?<\/strong><\/h3>\n<\/button><\/div>\n\n\n\n<div id=\"strongwhat-are-annuities-and-how-do-they-work-strong-content\" aria-labelledby=\"strongwhat-are-annuities-and-how-do-they-work-strong\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-4e2f38a6-fe65-47ab-9c9d-e2b17fed20f1\"><div class=\"rbc-expandable-content-body\">\n<p class=\"mt-1\">An annuity provides you with a regular, guaranteed\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tincome in retirement. You can buy an annuity with some or all of\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tyour pension. How much income you receive will depend on factors\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tsuch as the size of your pension, your age, existing annuity\n\t\t\t\t\t\t\t\t\t\t\t\t\t\trates, where you live, and your health and lifestyle.<\/p>\n\n\n\n<p class=\"mt-1\">Whether an annuity is right for you will depend on\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tyour individual circumstances. We can help you decide on the\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tbest way of drawing income from your pension pot.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"how-much-of-my-pension-can-i-take-as-a-tax-free-lump-sum\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"how-much-of-my-pension-can-i-take-as-a-tax-free-lump-sum-content\" data-target=\"how-much-of-my-pension-can-i-take-as-a-tax-free-lump-sum-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button rbc-expandable-trigger-button-between\">\n<h3 id=\"h-how-much-of-my-pension-can-i-take-as-a-tax-free-lump-sum\" class=\"wp-block-heading h5\">How much of my pension can I take as\n\t\t\t\t\t\t\t\t\t\t\t\t\t\ta tax-free lump sum?<\/h3>\n<\/button><\/div>\n\n\n\n<div id=\"how-much-of-my-pension-can-i-take-as-a-tax-free-lump-sum-content\" aria-labelledby=\"how-much-of-my-pension-can-i-take-as-a-tax-free-lump-sum\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-4e2f38a6-fe65-47ab-9c9d-e2b17fed20f1\"><div class=\"rbc-expandable-content-body\">\n<p class=\"mt-1\">You can usually take up to 25% of the amount you\u2019ve\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tbuilt up in pensions as a tax-free lump sum. This was <a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/lifetime-allowance-abolished-essential-qa\" data-type=\"post\" data-id=\"23312\">capped at\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00a3268,275&nbsp;<\/a>on 6 April 2023 and frozen at this level.\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tThe remainder will be taxed as income.<\/p>\n\n\n\n<p class=\"mt-1\">This does not constitute tax or legal advice. Tax\n\t\t\t\t\t\t\t\t\t\t\t\t\t\ttreatment depends on the individual circumstances and may change\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tin the future.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"stronghow-does-the-tapered-annual-allowance-work-strong\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"stronghow-does-the-tapered-annual-allowance-work-strong-content\" data-target=\"stronghow-does-the-tapered-annual-allowance-work-strong-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button rbc-expandable-trigger-button-between\">\n<h3 id=\"h-how-does-the-tapered-annual-allowance-work\" class=\"wp-block-heading h5\"><strong>How does the tapered annual\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tallowance work?<\/strong><\/h3>\n<\/button><\/div>\n\n\n\n<div id=\"stronghow-does-the-tapered-annual-allowance-work-strong-content\" aria-labelledby=\"stronghow-does-the-tapered-annual-allowance-work-strong\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-4e2f38a6-fe65-47ab-9c9d-e2b17fed20f1\"><div class=\"rbc-expandable-content-body\">\n<p class=\"mt-1\">Most people can contribute up to 100% of UK relevant\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tearnings to pensions each year and benefit from tax relief.\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tHowever, there&#8217;s a limit on the amount of pension contributions\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tthat can be made without incurring a tax charge. This is known\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tas the annual allowance and is currently \u00a360,000. If your income\n\t\t\t\t\t\t\t\t\t\t\t\t\t\trises above a certain level, your&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-to-navigate-the-annual-allowance-taper\" data-type=\"post\" data-id=\"23290\">allowance could be reduced\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tor \u2018tapered\u2019<\/a>.<\/p>\n\n\n\n<p>The annual allowance reduces by \u00a31 for every \u00a32 that your\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u2018adjusted income\u2019 exceeds \u00a3260,000, to a minimum of \u00a310,000. We\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tcan help you work out what your annual allowance is and advise\n\t\t\t\t\t\t\t\t\t\t\t\t\t\ton adjusting your contributions accordingly.<\/p>\n\n\n\n<p class=\"mt-1\">This does not constitute tax or legal advice. Tax\n\t\t\t\t\t\t\t\t\t\t\t\t\t\ttreatment depends on the individual circumstances of each client\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tand may be subject to change in the future.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"strongwhat-happens-to-my-pension-when-i-die-strong\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"strongwhat-happens-to-my-pension-when-i-die-strong-content\" data-target=\"strongwhat-happens-to-my-pension-when-i-die-strong-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button rbc-expandable-trigger-button-between\">\n<h3 id=\"h-what-happens-to-my-pension-when-i-die\" class=\"wp-block-heading h5\"><strong>What happens to my pension\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\twhen I die?<\/strong><\/h3>\n<\/button><\/div>\n\n\n\n<div id=\"strongwhat-happens-to-my-pension-when-i-die-strong-content\" aria-labelledby=\"strongwhat-happens-to-my-pension-when-i-die-strong\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-4e2f38a6-fe65-47ab-9c9d-e2b17fed20f1\"><div class=\"rbc-expandable-content-body\">\n<p class=\"mt-1\">What happens to your pension when you die depends on\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tthe type of pension, whether you\u2019ve started drawing an income\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tfrom it, and how old you are. If you have a defined contribution\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tpension and you die before age 75, benefits can usually be paid\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tas a lump sum or drawdown income to your beneficiaries tax free.\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tIf you die after age 75, benefits will be taxed at the\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tbeneficiaries\u2019 marginal income tax rate.<\/p>\n\n\n\n<p class=\"mt-1\">It\u2019s worth noting that from 6 April 2027, most\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tunused pension funds and death benefits will be included in the\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tvalue of a person&#8217;s estate for inheritance tax purposes.<\/p>\n\n\n\n<p class=\"mt-1\">This does not constitute tax or legal advice. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\t\t\t<section class=\"rbc-block rbc-block-featured b-primary\" data-location_id=\"Related solutions - Article two column card list\">\n\t\t\t\t<div class=\"container\">\n\t\t\t\t\t<div>\n\t\t\t\t\t\t<header class=\"row rbc-block-header\">\n\t\t\t\t\t\t\t<div class=\"col-12\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"rbc-block-header-title col-lg-8\">Related solutions<\/h2>\n\t\t\t\t\t\t\t\t\t<div class=\"col-lg-4 rbc-block-header-cta-wrap text-lg-right text-left mb-half mb-lg-0\">\n\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/solutions\" class=\"link-chev rbc-block-header-cta wp-block-rbcwm-related-solutions-link\"><span>All solutions<\/span><div class=\"rbc-icon\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/header>\n\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-12\">\n\t\t\t\t\t\t\t\t<div class=\"wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card rbc-card-cta rbc-card-mb rbc-card-hover rbc-card-cta-translucent ani-card-up\">\n\t\t\t\t\t\t\t\t\t\t\t<div draggable=\"false\" class=\"rbc-card-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-body\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col d-flex\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"row w-100 align-items-center\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-cta-col-left mb-1 mb-lg-0 col-xl-4 col-lg-5\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"rbc-card-cta-title h5\">Inheritance tax and estate planning<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-cta-col-right col-xl-8 col-lg-7 rbc-card-cta-seperator\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Your wealth tells a personal story. We\u2019ll help you explore ways to help pass on more of it to your loved ones, securely and efficiently.<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/solutions\/inheritance-tax-and-estate-planning\" class=\"col-auto align-self-lg-center rbc-card-link-full position-static\"><span class=\"sr-only\">Inheritance tax and estate planning<\/span><div class=\"rbc-icon rbc-card-cta-arrow fa-3x\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card rbc-card-cta rbc-card-mb rbc-card-hover rbc-card-cta-translucent ani-card-up\">\n\t\t\t\t\t\t\t\t\t\t\t<div draggable=\"false\" class=\"rbc-card-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-body\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col d-flex\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"row w-100 align-items-center\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-cta-col-left mb-1 mb-lg-0 col-xl-4 col-lg-5\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"rbc-card-cta-title h5\">Wealth planning and management<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-cta-col-right col-xl-8 col-lg-7 rbc-card-cta-seperator\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>A personalised financial plan supports your ability to manage your wealth and focus on what matters most, with guidance tailored to your goals and family priorities.<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/solutions\/wealth-planning\" class=\"col-auto align-self-lg-center rbc-card-link-full position-static\"><span class=\"sr-only\">Wealth planning and management<\/span><div class=\"rbc-icon rbc-card-cta-arrow fa-3x\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card rbc-card-cta rbc-card-mb rbc-card-hover rbc-card-cta-translucent ani-card-up\">\n\t\t\t\t\t\t\t\t\t\t\t<div draggable=\"false\" class=\"rbc-card-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-body\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col d-flex\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"row w-100 align-items-center\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-cta-col-left mb-1 mb-lg-0 col-xl-4 col-lg-5\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"rbc-card-cta-title h5\">Financial planning for life events<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"rbc-card-cta-col-right col-xl-8 col-lg-7 rbc-card-cta-seperator\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Life can change quickly. We can guide you through significant moments \u2013 whether planned or unexpected \u2013 with clear advice, insightful ideas and tailored strategies.<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/solutions\/life-events\" class=\"col-auto align-self-lg-center rbc-card-link-full position-static\"><span class=\"sr-only\">Financial planning for life events<\/span><div class=\"rbc-icon rbc-card-cta-arrow fa-3x\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t\t\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-flush-bottom rbc-block-grey overlap-top overlap-bottom rbc-block-has-overlap has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\"><div class=\"wrap\">\n<header class=\"wp-block-rbcwm-block-header row rbc-block-header\"><div class=\"col-lg-12\">\n<div class=\"row\">\n\n<h2 id=\"h-our-insights-and-ideas-nbsp\" class=\"wp-block-heading rbc-block-header-title col-lg-12\"><strong>Our insights and\n\t\t\t\t\t\t\t\t\t\tideas<\/strong>&nbsp;<\/h2>\n\n<\/div>\n<\/div><\/header>\n\n\n\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col-lg-12\">\n\t\t\t\t<div class=\"row overlap-bottom\">\n\t\t\t\t\t\n<div class=\"rbc-media-card-col rbc-card-col-my col-lg-4 col-md-6\">\n\t<div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical\">\n\t\t<div draggable=\"false\" class=\"rbc-card-wrap\">\n\t\t\t<div class=\"rbc-card-body rbc-hero-img-background-position\">\n\t\t\t\t\t\t\t\t<div class=\"rbc-media-card-image\" style=\"background-image: url('https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/04\/Income-at-retirement-brochure-thumbnail.png');\"><\/div>\n\t\t\t\t\t\t\t<h3 class=\"rbc-media-card-title rbc-media-card-title-wrap\"><span class=\"rbc-media-card-title-link\"><span>A guide to income in retirement<\/span><\/span><\/h3>\t\t\t\t<span class=\"category rbc-media-card-category\">\n\t\t\t\t\tRetirement\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/a-guide-to-income-in-retirement\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\">\n\t\t\t\t\t\t<span class=\"rbc-media-card-cta-link\">\n\t\t\t\t\t\t\t3 minute read\t\t\t\t\t\t\t<div class=\"rbc-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<span class=\"sr-only\">&#8211; A guide to income in retirement<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<div class=\"rbc-media-card-col rbc-card-col-my col-lg-4 col-md-6\">\n\t<div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical\">\n\t\t<div draggable=\"false\" class=\"rbc-card-wrap\">\n\t\t\t<div class=\"rbc-card-body rbc-hero-img-background-position\">\n\t\t\t\t\t\t\t\t<div class=\"rbc-media-card-image\" style=\"background-image: url('https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/Retirement-planning_website-thumbnail-500x333-1.jpg');\"><\/div>\n\t\t\t\t\t\t\t<h3 class=\"rbc-media-card-title rbc-media-card-title-wrap\"><span class=\"rbc-media-card-title-link\"><span>Why thinking beyond the basics can level-up your retirement<\/span><\/span><\/h3>\t\t\t\t<span class=\"category rbc-media-card-category\">\n\t\t\t\t\tRetirement\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/perspective-why-thinking-beyond-the-basics-can-level-up-your-retirement\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\">\n\t\t\t\t\t\t<span class=\"rbc-media-card-cta-link\">\n\t\t\t\t\t\t\t8 minute read\t\t\t\t\t\t\t<div class=\"rbc-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<span class=\"sr-only\">&#8211; Why thinking beyond the basics can level-up your retirement<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<div class=\"rbc-media-card-col rbc-card-col-my col-lg-4 col-md-6\">\n\t<div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical\">\n\t\t<div draggable=\"false\" class=\"rbc-card-wrap\">\n\t\t\t<div class=\"rbc-card-body rbc-hero-img-background-position\">\n\t\t\t\t\t\t\t\t<div class=\"rbc-media-card-image\" style=\"background-image: url('https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2025\/04\/older-woman-looking-at-laptop-screen.jpg');\"><\/div>\n\t\t\t\t\t\t\t<h3 class=\"rbc-media-card-title rbc-media-card-title-wrap\"><span class=\"rbc-media-card-title-link\"><span>How to navigate the annual allowance taper<\/span><\/span><\/h3>\t\t\t\t<span class=\"category rbc-media-card-category\">\n\t\t\t\t\tTax strategies\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-to-navigate-the-annual-allowance-taper\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\">\n\t\t\t\t\t\t<span class=\"rbc-media-card-cta-link\">\n\t\t\t\t\t\t\t4 minute read\t\t\t\t\t\t\t<div class=\"rbc-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<span class=\"sr-only\">&#8211; How to navigate the annual allowance taper<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-12\">\n\t\t\t\t\t\t\t<div class=\"rbc-button-block row no-gutters align-items-end rbc-block-spacer-t justify-content-end\">\n\t\t\t\t\t\t\t\t<div class=\"col-lg-5 order-1\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\" class=\"rbc-button rbc-button-block-cta rbc-button-large rbc-button-secondary rbc-button-block\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"rbc-icon rbc-button-icon-right\">\n\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-right\"><\/i>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tBrowse more insights\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t<\/div><\/div><\/div><\/div><\/section>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial advice and retirement planning to help you make the most of your pension savings and prepare for the future.<\/p>\n","protected":false},"author":49,"featured_media":0,"template":"","meta":{"_acf_changed":false,"editor_notices":[],"rbc_url_alias":"","footnotes":""},"rbcwm_content_owner":[],"class_list":["post-47274","rbcwm_solutions","type-rbcwm_solutions","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pensions and retirement planning &#8211; 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