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When will you be entitled to your pension? Beware, it's complicated...


The pension freedoms handed individuals unprecedented flexibility in how they could access their pension savings.
Restrictions on how much could be withdrawn from a pension fund were removed, but this was not an entirely free reign.
There was an inflexible underpinning in that individuals still had to wait until age 55 (unless retiring due to ill health) to be able access their pensions, or normal minimum pension age, to call it by its proper name.
For most people, there is an obvious reliance on having adequate private savings over and above the state pension in order to support the standard of living to which they aspire in retirement. You only need to consider that the basic state pension is equivalent to around 20 per cent of the average UK salary. ....

United Kingdom , Lee Halpin , United Kingdom Government , ஒன்றுபட்டது கிஂக்டம் , லீ ஹால்பின் , ஒன்றுபட்டது கிஂக்டம் அரசு ,