A lot of discussion has surrounded this "access to pension funds at age
55" business. I think it is generally agreed that flexibility (for
those savvy enough) is a good thing.
My concern with this is the possibility that making funds accessible to
the individual also makes them accessible to the government.
In other words, if you need money in future for e. g. nursing care I can
well see your entire pension pot being considered as disposable income
to cover this.
Has this been covered elsewhere or reassurances given?
- posted 5 years ago