They need to encourage people to save via pensions to reduce reliance on the state pension (eventually it will be means tested so all those with decent personal pensions get nowt from the state ) and OAP benefits. So likely any changes will only affect 'the rich', so as long as you've got your contract income managed appropriately you should be able to limit most of the pain.
If they really wanted to upset the apple cart they'd bring in a law to change all private pensions into state pension. Stealing the pension pots legitimately.
So it may be wise to explore other long term investment options such as stocks/shares ISA where you can invest money using similar funds to those available via pensions (e.g. cheap index trackers or Vanguard Lifestrategy self balancing funds). Yes you pay tax on the way in but not on the way out so more predictable than current pension option of not paying tax on way in but paying an unpredictable amount of tax on the way out. Using both approaches is safest way of spreading risk.
If they really wanted to upset the apple cart they'd bring in a law to change all private pensions into state pension. Stealing the pension pots legitimately.
So it may be wise to explore other long term investment options such as stocks/shares ISA where you can invest money using similar funds to those available via pensions (e.g. cheap index trackers or Vanguard Lifestrategy self balancing funds). Yes you pay tax on the way in but not on the way out so more predictable than current pension option of not paying tax on way in but paying an unpredictable amount of tax on the way out. Using both approaches is safest way of spreading risk.
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