Workers To Access 25% Pension Savings For Mortgage. To Forfeit Lump Sum Payment at Retirement

For the first time under the Contributory Pension Scheme, workers in active service will soon be allowed to withdraw 25 per cent of the balance in their Retirement Savings Account as collateral for mortgage loan before they reach retirement age.

This was contained in the draft guidelines on withdrawals from the RSA.

Read http://goo.gl/nPJNtn
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