@antonia_investing: The question I keep seeing: is it even worth saving into a pension if the rules keep changing? It's a fair question. The LISA penalty changed. The lifetime allowance was abolished. The state pension age is rising. From 6 April 2027, unspent pension pots will be included in your estate for inheritance tax for the first time. That is a lot of change in a short space of time. But here is what the history says. The core structure of UK private pensions, tax relief on contributions, protected growth, 25% tax-free cash on withdrawal, has never been abolished. What changes are the edges: the access age, the contribution limits, the inheritance rules. No government has removed the fundamental tax relief, and the political cost of doing so is considerable. The minimum pension access age is rising from 55 to 57 in April 2028, legislated under the Finance Act 2022. From 6 April 2027, most unused pension funds and death benefits will be included in the value of a person's estate for inheritance tax purposes. These are real changes. But they are changes to the edges, not the abolition of the system. JohnanthonysykesOsborne Clarke The practical response: spread your savings across wrappers. A pension gives you tax relief on the way in and locked-away growth. An ISA gives you flexibility and fully accessible money. Running both removes your dependence on any single set of rules. Check the rules annually, not obsessively. When things change, you can adjust with information rather than panic without it. This content is for educational purposes only and does not constitute personal financial advice. Tax treatment depends on individual circumstances and may change. Pension rules and ISA rules are subject to government review. Speak to an FCA-regulated financial adviser before making decisions about retirement saving. Sources: HMRC pension tax relief guidance | Finance Act 2022 (minimum pension age) | HM Treasury Autumn Budget 2024 (pension IHT reform) | Finance Bill 2025-26 (IHT legislatio

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Sunday 28 June 2026 14:07:52 GMT