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Government Allows People Access Their Own Money
It's pretty radical stuff. What's the consensus here on AB - good or bad?
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We're all entitled to the state pension, so that cost is fixed, and unaffected by any other savings people may have.
If the people who've managed to save extra into another pension fund want to blow it all on day one after retirement on fine wines, Lamborghinis and prostitutes, and subsequently rely solely on the state pension, that should be entirely their business.
As New Judge says, as long as the fact that they've done this adds no extra burden to the state scheme and incurs no costs to any other taxpayer, then no-one else should have any problem or concern over it whatsoever.
If the people who've managed to save extra into another pension fund want to blow it all on day one after retirement on fine wines, Lamborghinis and prostitutes, and subsequently rely solely on the state pension, that should be entirely their business.
As New Judge says, as long as the fact that they've done this adds no extra burden to the state scheme and incurs no costs to any other taxpayer, then no-one else should have any problem or concern over it whatsoever.
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