Sunday, Aug 23, 2009
Pension lockdown
Guardian: Over-50s rush to take pensions early before rule-change deadline
From next April, a 5 year delay on access to pensions will be introduced by changing access rights to begin at 55 not 50. Pushing that awkward moment of paying the money -back- that little further into the future. Something interesting for those reading aged between 50 and 55 with a mortgage. Get 25% of your money out now tax free and pay down your mortgage debt (or if you are paranoid, get 25% of your money out now while it is still there).
Posted by stillthinking @ 10:28 AM (308 views) Add Comment
2 Comments
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2. Shawkie said...
You can draw some interesting conclusions about inflation from the figures quoted in this article. Clearly they expect the RPI to increase at well above 3% per annum.