What if...we could start again?

You pay in money – either regularly or as a one-off; the Government adds in a bit as well; it’s invested for forty years; and then it’s used to buy an income that’s paid on a regular basis. See? Simple! But they’re not. Various bits of legislation and regulation over the years have turned them into a complicated beast. Sometimes the rules have been added to provide flexibility or protect people. But a lot of the time it’s to avoid ‘exploitation’ of the tax treatment by a very small minority. I would love to start from scratch with pensions. And one of the things I would do is to get rid ...