Pensions & Retirement, a guide that follows the thread from contributions to payout timing, severance, and how pension income is taxed

Retirement planning starts going wrong the moment the money you pay in and the money you take out are looked at separately. Here we follow the two as a single thread.

We cover how the contribution base and rate are adjusted, choosing when to start drawing and how a four-layer retirement plan fits together, the conditions for interim severance payment, the income tax rules pensioners file under, and emergency schemes such as the National Pension's silver loan.

The age you start drawing changes the total you receive over a lifetime. We put numbers on the points where timing becomes an amount, and read how the schemes themselves change as the country enters a super-aged society.