Accountants call for pensions liberation ban

Pensions liberation may sound like an unlikely revolutionary political movement but in fact it’s the phrase used for schemes which supposedly allow people to access their pension saving before retirement.

As the ICAEW notes, a better name would be “pensions extraction” or even “pensions devastation.”

The normal rule is that you cannot access pension savings before you reach the age of 55 or in some cases even later. The so-called “liberation” schemes try to...

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