You can encash your pension from the age of 55, though this is increasing to 57 by 2028. Picture: Alamy/PA. A When the pension rules were overhauled six years ago, the most eye-catching – and controversial – new freedom given to pension savers was the ability to cash in their pension in one go. This led to fears that the UK would be a nation of impoverished pensioners, who recklessly frittered away their life savings for cruises and home renovations.
Those fears have been largely unfounded, mostly because people accessing their pension in the last decade or so have been […]
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