Approaching Retirement....few questions

LHW99

We can 100%, forget statistically, have our money last x years by withdrawing 1/x of of each years balance where x is the number of years remaining.

But of course in terms of "lasting the rest of our lives", the difficulty lies in determining x

Secret2ndAccount

My first observation is that your partner seems a lot poorer than you. You should make sure that your will is up to date, and reflects how you would want your estate distributed if you were to depart earier than planned. Then go from pension to pension filling out an expression of wish form to determine where the money goes if you die.

In most cases, your partner should be paying most or all of her salary into a pension so as to maximise her tax relief, and have a guaranteed income of her own. If you have to withdraw from your pension, and pay an LTA penalty to fund her doing this, it becomes a less attractive plan. If you can fund her without cashing in extra pension, you (and she) should procede that way.