I want my pension freedom! Why am I trapped in a £51k fund I can't bequeath to my children and grandchildren?
I have a pension pot worth £51,000 and want to use new pension freedoms to bequeath it to my children and grandchildren.
I thought that the changes to the pension rules were designed to increase flexibility and would mean that I could transfer the pension into a drawdown policy to spend, invest or save as I choose. Instead I am stuck in a pension scheme that will end upon the second death of either me or my wife.
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