Time to decide

Robm1955

I posted some years ago, about my pension, and am still no wiser now. I'm 67, and besides my state pension, I have a coal board pension, and two other pensions, with small amounts. At my age, I'm not sure whether investing is a good idea, considering the amounts that are in. Paying for a financial adviser, would also cut into my pensions. We're not rich, but confortable, but I don't want to leave the pension in the pot, and risk it deteriorating. At the same time, If I draw it out, I'm taxed on anything above 25%. 

Owlman45

I am 67 and recieving State Pension plus a DB (Final Salary) have drawndown once from a Personal Pension DC. In the current climate I will wait till I am 75 before taking anymore out. Yes you pay tax once you exceed the tax free threshold regardless of where the income is from. 

Albermarle

Robm1955 said:

I posted some years ago, about my pension, and am still no wiser now. I'm 67, and besides my state pension, I have a coal board pension, and two other pensions, with small amounts. At my age, I'm not sure whether investing is a good idea, considering the amounts that are in. Paying for a financial adviser, would also cut into my pensions. We're not rich, but confortable, but I don't want to leave the pension in the pot, and risk it deteriorating. At the same time, If I draw it out, I'm taxed on anything above 25%. 

Presume the Coal Board pension is a DB scheme where you get a guaranteed regular amount each month ? If so then nothing can change that .
Also presume the other two are DC pensions , where there is just a pot of money sitting in the pensions?
If so it is very likely that this money has always been invested within the pensions, and probably has gone down recently anyway (and up and down many times over the years)
At the same time, If I draw it out, I'm taxed on anything above 25%. 
You can not avoid that, and you gained overall tax wise, as you will have got tax relief when adding to the pension.