Pensions advice site could land savers in the red

Pension Wise, the government’s pension-advice website, which has so far seen five million visits, could land savers with a shock tax bill because key information is poorly presented

Pension Wise, the government's pension-advice website, which has so far seen five million visits, could land savers with a shock tax bill because key information is poorly presented, says Ros Altmann, a former government pensions minister.

The site, which was set up when the government's pensions freedom reforms were introduced two years ago, does too little to highlight restrictive rules that apply when someone begins cashing in their pension savings but continues to pay into their retirement fund, says Altmann.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.