Changing Perceptions

If i was to offer you a bank account where your employer matched what you could afford to pay in and the taxman added 20% to what you paid would you take it out? Not only that you get interest on the money and if you want to you can even invest a bit.



So whats the catch - well there is one. You cant touch the money till your 55 and you can only take 25% of the fund out straight away. The rest gives you some money to live on. Still interested?



If so then i can let you into another secret, it already exists and even though it does 40% of the workforce wont take it. They dont "believe in it" or they dont need it. It of course if you hadnt guessed, a pension.

Pensions maligned, misunderstood and a catch all word for a myriad of savings vehicles that bear as much resemblence to each other as chalk and cheese but nevertheless are lumped together by the media. This of course means theres more misunderstandings than at the hard of hearings annual dinner & dance but until the media comes up with a snappy replacement its somethingwe're stuck with.