Housing minister James Brokenshire has suggested you should be able to raid your pension savings to fund the purchase of your first home. You shouldn’t.
Pensions are changing. Old-style defined-benefits pensions are disappearing. State coffers are running dry. And the government is constantly fiddling with the pensions rules. A comfortable retirement is by no means guaranteed.
So now more than ever it’s vital that you build up a healthy pot of money that you can draw on to fund your retirement. At MoneyWeek, we can help you do that. Not only accumulating your pension pot throughout your working years, but also making sure it produces the income you need to enjoy your retirement.
Latest articles on pensions
Too many people see property as a good investment and pensions as a waste of time. They couldn’t be more wrong, says Merryn Somerset Webb.
If you can afford to put off taking your state pension, it may save you money in the long run, says David Prosser.
The lifetime allowance on pension savings could catch out those with modest incomes.
Your pension can be a valuable part of inheritance-tax planning, says David Prosser.
It makes sense to exploit your Isa allowance, but don’t neglect your pension. Generous upfront tax relief makes occupational or personal schemes an efficient way to save.
Choose your Sipp provider carefully: saving on fees can make a big difference to your fund.
There are just five weeks left in the 2018-2019 tax year, so make sure you’ve made full use of your allowances.
“Alternative” investments can be risky, but are worth considering if you want to increase your pension returns.
New laws aimed at cracking down on pension fraud have prompted scammers to move online, warns the Financial Conduct Authority.
Huge pension payments to executives could trigger a wave of shareholder protests at some of Britain’s biggest companies this year.