Wednesday, 3 March 2010

Are you 50-ish and ready to retire?

Pension tip from Simonne:

Are you aged between 50 and 55 with a personal pension plan?

The opportunity to draw your pension from age 50 (currently the minimum age) will be lost if you don’t take action quickly. The minimum age is rising to 55 from 6 April 2010.

This could be your chance to get your hands on your tax-free cash sum and enjoy an early retirement. Otherwise you’ll have to wait up to 5 more years to start spending the kids' inheritance!

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