If you have not reached the age of 55, you will have all of this ahead of you, but it does lay out a pension future with many more choices.
Those who are employed and now part of the compulsory Automatic Enrolment Company Pensions will have the satisfaction of knowing that they will be able to eventually access the money they and
their employer put in as cash. In this way pensions become much more of a transparent, tax-effective
long term savings plan. Hopefully it will also mean that more people will save more in their pensions,
know that they eventually will be able to cash it in – either all at once, or bit by bit.
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