Sentence examples for dc pot from inspiring English sources

This compares with £30,000 in a DC pot.

And the British government is in the process of abolishing the requirement to turn a DC pot into an annuity.

They should be allowed the freedom to use their DC pot as they wish, especially as the sums are quite small.

As Chris Hannant of the Association of Professional Financial Advisers says: "The financial adviser has already advised on the drawdown and therefore assumed liability for that advice, so as this is just the remains of a DC pot I'm not sure why they wouldn't do it".

No longer will they have to use the bulk of their defined contribution (DC) pot to buy annuities (incomes for life); they will be able to spend their money, keep it in the pot or buy some other product that offers them income.

How much can I earn from a DC pot?

And as time goes on, people will become more dependent on their DC pots and thus the impact of making the wrong decision will be all the greater.

So if, for example, you have a small DC pension pot from a former employer and you want the money, you can take it as a single lump sum or draw it down over several years, even if you are in work and paying into your company's pension scheme.

The government's announcement mentions that 320,000 people retire with DC pension pots and could potentially benefit; what it doesn't mention is that most people have very small pots that they are likely to run through before death.

"People typically buy an annuity - a pension for life - with their DC pension pots and that income is usually provided by an insurer who also invests their money in bonds".

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