Savers are raiding their pension pots to plug holes in their finances caused by the pandemic.
Pension savings are locked up until you reach 55, but then you have choice on what to do next.
It is understandable that you may want to take some money out and, after all, it is your money.
However, you should be careful how you take it and, where you have more than one pension pot, which you take first.
Research shows that a pension pot worth £250,000 at the age of 55 could grow to £380,000 over the next 10 years.
If you need financial advice, please get in touch. I will put my website address in the comments below.
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