'Pause before raiding': Concern as DWP fires pensions freedom benefits warning

The Department for Work and Pensions (DWP) said it will take the money people draw from their pension savings after the age of 55 into account when calculating entitlements to benefits such as employment and housing allowances. Pensions and universal credit entitlements will also be included, the paper said. From April, 6 people will have leeway to structure their own income in retirement and access the cash in their pension pots as they please, subject to taxation at marginal rates. The government wants to prevent people from spending their pension money and then falling back on t...