1. Home
  2. UK Finance Discussions
  3. Small Pension question

Small Pension question

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

Reply to
Fred
Loading thread data ...

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.

Reply to
cryptogram

Maybe just keep back the cost of a single bullet.

Reply to
Anthony R. Gold

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.