I accept that compounding and gross roll-up work in a pension wrap.
However, try accessing the money early - you cant.
I watched a parent retire at 65 with great plans for future leisure activities, only to be dead 2 years later.
I accept that compounding and gross roll-up work in a pension wrap.
However, try accessing the money early - you cant.
I watched a parent retire at 65 with great plans for future leisure activities, only to be dead 2 years later.
Which was sad, but it's not a reason to ignore pension funding. And with the ARF option, one's spouse "keeps the pension".
There will always be push back when it comes to pensions. But the structure can't do everything; the relative lack of early accessibility is the price to be paid for the extraordinary tax break.