Pensions were created to help us save for retirement. But many traditional personal pensions don't give you the flexibility to invest where you want to. This guide is not personal advice, but you'll learn:
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We wrote this guide to give you useful information about pensions but it’s not personal advice. Please consider taking advice if unsure. Remember investments can go down as well as up in value so you could get back less than you put in. You can’t normally access money in a pension until age 55 (57 from 2028) when up to 25% is usually tax free and the rest taxable. Pension and tax rules can change and their benefits depend on your circumstances.
Pensions were created to help us save for retirement. But many traditional personal pensions don't give you the flexibility to invest where you want to. In this guide you'll learn:
We wrote this guide to give you useful information about pensions but it’s not personal advice. Please consider taking advice if unsure. Remember investments can go down as well as up in value so you could get back less than you put in. You can’t normally access money in a pension until age 55 (57 from 2028) when up to 25% is usually tax free and the rest taxable. Pension and tax rules can change and their benefits depend on your circumstances.