Property News · June 10, 2016

Savers 'paying up to 10%' to cash in pension pots


Citizens Advice says 41% of people who want to access their cash are charged a fee, and those with smallest pots hit hardestAbout 160,000 people have had to pay fees to access their pensions since new freedoms were introduced, with some seeing more than 10% of their retirement pot swallowed up by charges, according to a report.The study by Citizens Advice said that those with smaller pots were the group hit the hardest. Continue reading…

Source : theguardian.com
Read more…Savers ‘paying up to 10%’ to cash in pension pots

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