Pensions how to get money out?

EdInvestor

bomber2 wrote: »

however a freind recently said i would be better off cashing in my endowment and putting the money in a high intrest account

Better to ask the question on the Mortgages and endowments board, not here.

EdInvestor

DavidLaGuardia wrote: »

The actual idea of a pension fund is that it it captial and gorwth you intend to spend. Hence If you have other investments or assets there is less of a need to take from these so the income can build up to leave to your beneficiaries. In addtion, if you do not need the income from them, you can make an outright gift with no coplex trust issues so they are outside the estate - all because you commited the pension cpaital to your needs.

Sorry David, perhaps you could expand on that a bit?