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Friday, 19 July 2013

Pension vs. ISA...



Here's one of the reasons I prefer putting my retirement savings into an ISA instead of a Pension: you never quite know what the government is going to do with the money in your pension...

http://moneyweek.com/blog/why-the-government-has-it-eye-on-your-pension/

Already in my lifetime, the rules have been changed on pensions meaning that I can no longer access "my" money until I'm 55. It used to be 50 and I suspect it will be higher still by the time I finally retire.

UPDATE 30th Sept 2013:

Another excellent article from Merryn @ MoneyWeek:

http://moneyweek.com/save-retirement-pension/