Pensions are Misunderstood

Published: 29 August 2019

Ross Altman in Money Marketing writes “For most people, pensions are the best way to save for retirement, but there is no doubt they are complicated. The pension freedoms regime was originally designed to be accompanied by financial guidance to help people plan better. However, take-up has been woefully low so far, leaving many on their own...
A promotional campaign explaining the benefits of the “free money” that comes from pension contributions, the tax-free investment returns, and inheritance tax cases for keeping funds into much later life is long overdue. Any promotion of this kind also needs to include the benefits of taking expert financial advice to ensure people make the most of the advantages.”

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