In our weekly series, readers can email in with any question about retirement and pension savings to be answered by our expert, Tom Selby, director of public policy at investment platform AJ Bell. There is nothing he does not know about pensions. If you have a question for him, email us at money@inews.co.uk.

Question: I’m 62 years old and planning to retire when I get my state pension at age 67, which should be worth just north of £12,000 a year (I’ve checked my entitlement using the government website). I’ve upped my private pension contributions in recent years and am expecting to have a fund worth around £450,000 by the time I access it. I’ve got plans for my tax-free cash, and I’m interested in using drawdown to take an income with the rest, but need a bit of help deciding

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