Make the most of the new pension rules

While the 2016 Budget did not produce any major headlines for pension savers, there were significant changes to the pension system announced in previous years that could affect you. These include the reduction in lifetime allowance and the tapered annual allowance. You can find out more about these key changes and consider how you can make the most of the current tax relief system below.

What's changed?

Please remember, the value of investments can go down as well as up so you may not get back the amount you originally invest. You cannot normally access money invested in a SIPP until the age of 55. The eligibility to invest in a pension depends on individual circumstances and all tax rules may change in the future. Fidelity Personal Investing only gives information about products and services and does not provide investment advice based on individual circumstances. If you are unsure of the suitability of an investment you should speak to an authorised financial adviser.

Emma-Lou MontgomeryRetirement dreams and nightmares

Don’t delude yourself that your home is your pension.

By Emma-Lou Montgomery, 20 July 2016.

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