
Pension Means-Test Ban
Government plans to ban firms from encouraging or forcing staff to opt out of personal accounts could compromise well-intentioned employers concerned over means-testing.
Our view
It is an absolute travesty and tantamount to a breach of human rights that people cannot be told about the means-testing side of reduced benefits if they have a pension. Perhaps the means test should be removed for those have bothered to save themselves. The benefits system in the UK is crazy. As well as helping those that need it such as disabled people, it also helps those who could not be bothered to help themselves.
Useful links:
Learn more about Retirement Advice and related topics in the Retirement Channel
Request expert financial advice now
Purchase guidance on financial planning in the Money Shop
Useful links: