Dip in and cash out: a new type of pension pot
Karl Deeter Talking Finance: Changing the rules on when you can ‘cash in’ on your pension may encourage more of us to save more for later years
Last week we looked at mortgages as a type of ‘forced savings’, but what about other long-term savings like pensions? You can tap into your home’s value by selling or borrowing against it, but pensions can be tricky because many people under-provision for the life they say they want in retirement.
A recent study by Standard Life showed that people want to retire on €40,000, but save to provide an income of only ...