Property News · January 5, 2015

Pensions: the 10-point action plan to take advantage of the new rules


You don’t have to be on the point of retirement to be thinking about how you will survive once you stop workNext April will see the biggest, and most popular, reform to pensions in more than a generation. Any requirement to buy an annuity – much hated because of the poor payouts they offer – will be abolished, with savers set free to do whatever they like with their pension pots after the age of 55. But to take full advantage of the dramatic overhaul, savers need to start preparing now. So what should you be doing to get ready for “pension freedom day” on 6 April?Guardian Money has prepared a 10-point action plan, aimed not just at individuals on the point of retirement, but at all savers from their 40s upwards who are putting money aside regularly to finance a pension. Continue reading…

Source : theguardian.com
Read more…Pensions: the 10-point action plan to take advantage of the new rules

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