In this fifth episode of a pension income planning series we look at what income levels you may achieve with £200K in pension savings. We also look at how inflation may impact your retirement income and look at both early retirement and retirement at state pension age scenarios.

Inflation was around 4% at the time of filming but jumped to over 5% just one week later.

We look at annuity incomes assuming you will take the 25% lump sum in full and use the remaining balance to buy an annuity.
We then look at keeping all of the money invested and potential income options using drawdown.

L&G Retirement Income Calculator: https://www.legalandgeneral.com/retir...
2020 Financial Drawdown Calculator: https://www.2020financial.co.uk/pensi...

**Related content**
Episode 1 - £50K pension pot:    • Is a £50K PENSION POT enough for reti...  
Episode 2 - £100K pension pot:    • What retirement income will a £100K P...  
Episode 3 - £300K pension pot - retire in comfort:
   • HOW much you need to save to RETIRE C...  
Episode 4: £400K pension pot:    • HOW much you need to save to RETIRE E...  
State Pension - do you qualify:    • UK State Pension Explained: How MUCH ...  
Retirement Lifestyle Planning:    • Retirement Planning LIFESTYLE- How to...  
Top drawdown providers:    • TOP 3 DRAWDOWN Providers  
Dark side of drawdown:    • Pension Drawdown Top 3 Tips  
No savings at 50:    • NO SAVINGS at 50 - Is it TOO LATE?  

How to top up your state pension:
https://www.which.co.uk/money/pension...
https://www.gov.uk/voluntary-national...

Delay claiming your state pension: https://www.gov.uk/deferring-state-pe...

Retirement Living Standards: https://www.retirementlivingstandards...

Hargreaves Lansdown pension planning: https://www.hl.co.uk/retirement/annui...

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