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
Schedule your retirement party, but your financial options take more thinking about.
People looking for a tax-efficient place to invest their pension funds may be disappointed, says David Prosser.
Savers currently planning their retirement may be in for a nasty surprise, according to the International Monetary Fund.
An annual pension “health check” will help you plan ahead for your retirement.
The government is considering introducing CDC pensions as a middle road between existing options. Could they represent the future of saving?
With 43% having no pension millions of self-employed people could be unprepared for retirement, says David Prosser.
Many people have not understood the tax implications of drawing down their money, meaning that savers withdrawing pension cash are handing over millions of pounds in income tax.
Investors may soon be able to invest in young and growing businesses in their pensions, says David Prosser.
A landmark court case could bring certain pensions under the inheritance tax umbrella.
The point of saving into a pension is that you can’t get the money until you retire. The chancellor should resist the temptation to relax the rules on early access.