Simon Lambert

But if you are looking at it and going, no, actually, I fully intend to keep my pension invested in retirement, I'm probably going to keep working for a bit, you know, I might work a bit part time, I might draw on it, I've got other assets, and my investment time horizon is, you know, until the day I die, then I would get yourself out of the lifestyle option and just get yourself into the normal, you know, invested pension fund option.

And it might be that that involves some bonds as well as some shares because that is a balanced portfolio.

But you probably do not want to be in the lifestyle option.

So again, you know, back to my point a minute ago, find out how to log into your work pension scheme and see where your pension is.

That's the first step.

I also feel, well, I think the management tax is

one of the stupidest taxes I've ever seen floated.

It really isn't going to raise a lot of money.

It's deeply unpopular.

It's weird.

It's like inheritance tax.

Most people don't pay inheritance tax.

People hate it.

Most people don't own mansions, but they hate the idea of the mansion tax.

It's really not going to raise that much money.

You can definitely see the potential for slippage, as Helen says, but also is such a blunt instrument in that a mansion in one part of the country does not cost the same as a mansion in another.

Now, you could have the scenario where a two million pound house is a really expensive house.

But there are houses in parts of London where a two million pound house isn't that impressive a house.

Obviously, those people could move or whatever.

But, you know, some of those people we have had people write to us before who have ended up in this situation, who have ended up in these very expensive houses and they don't have that high incomes or whatever.