Small Pension question


F

Fred

At the last budget I thought I had got really lucky when it was
announced you could "empty" up to three small pensions of up to 10K
each.
As I was sitting on two each worth around 7K, I thought I'd open
another, and let it accumulate to around 9K before cashing.

Do the latest "freedoms" mean this was unnecessary as I can even empty
my "big one" should I desire ?

Any comments on the liklihood of a different future government going
back to something closer to the old rules.

Thanks in advance
 
Ad

Advertisements

C

cryptogram

At the last budget I thought I had got really lucky when it was

announced you could "empty" up to three small pensions of up to 10K

each.

As I was sitting on two each worth around 7K, I thought I'd open

another, and let it accumulate to around 9K before cashing.



Do the latest "freedoms" mean this was unnecessary as I can even empty

my "big one" should I desire ?



Any comments on the liklihood of a different future government going

back to something closer to the old rules.



Thanks in advance
I wouldn't bet on them not doing just that. After all, the new rules fly in the face of the idea that people should be saved from themselves being stupid enough to spend all their retirement income.
 
Ad

Advertisements

A

Anthony R. Gold

I wouldn't bet on them not doing just that. After all, the new rules fly in the face of the idea that people should be saved from themselves being stupid enough to spend all their retirement income.
Maybe just keep back the cost of a single bullet.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top