Blog: Why pensions are fantastic

Pensions are a bit like teenage prima donnas: nobody seems to understand them. But with a little bit of effort, getting the best out of a pension is not difficult, and despite the bad press they receive, pensions have a huge amount to give. Let’s not beat about the bush: pensions are not perfect, and over the years they have deserved some of the stick they have got. But to simply label them as useless and kick them into the long grass is madness. When I became an IFA in 1973, there were tight rules about what people could stick into their pension. For the self-employed, tax relief was...