MARK BARNES: It’s just plain wrong to raid your pension fund
Government moves to allow for this will create difficulties for the state as well as the beneficiaries
18 August 2021 - 16:42
Earlier this month, the Treasury released a media statement regarding preservation and access to retirement savings.
As cautious as the wording in the introductory paragraph might appear — “proposal to allow for greater preservation with limited withdrawals from retirement funds” — the fact is that people will be allowed premature access to some of their retirement savings. Perhaps the ambiguity was intentional, but I find the words “preservation” and “withdrawal” in conflict, if not downright oxymoronic. ..
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