Government pension reforms: can you take money from your pension?
From April 2015 you’ve been able take money from your pension as you wish – or can you?

Pension companies aren’t letting people take money from their pension as they’re supposed to under pension flexibility introduced in April. Some pension companies aren’t giving their customers full flexibility with their pensions and others are imposing charges. Now the government has said that in July it will launch a consultation on whether exit charges are too high.

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14-10-2014
11-06-2015
4
 
 
Further rises to the state pension age - what's happening?
The state pension age is rising to 66 by 2020, but how much higher could it go and what has the new pensions minister said?

The previous government introduced legislation to increase the state pension age to 66 by 2020 for both women and men. It also brought forward the rise in state pension age to 67, and this will affect people born after April 1960. But how much could the state pension age rise in the future? It’s due to be reviewed in 2017.

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18-06-2015
18-06-2015
66
 
 
How can you take money from your pension?
How can you use the new pension freedoms to take money from your pension?

From April 2015, if you’ve saved into a ‘defined contribution’ pension (namely not a final salary or other salary-related pension), you've had the freedom to take money out of your pension as you wish. But what are the different ways you can access money in your pension?

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15-06-2015
15-06-2015
0
 
 
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You should always obtain independent financial advice.