Reasons not to save for your retirement

Means tested benefits penalise people saving for their retirement.

You pay your own residential care fees if you live in England and have more than £16,000 in assets including your house.

Divorce laws penalise savers rather than spenders

Income tax paid on savings.

Inheritance tax charged at 40% on your estate.

The retirement age could easily increase beyond 68 due to "unforeseen pressures on Government finances".

Your pension fund could go bust due to poor investment decisions.

If everyone sells assets to fund their retirement at the same time, who will be left to buy them and at what price?

You are forced to buy an annuity that pays you marginally more than the current interest rate but the capital outstanding is kept by them on your death?

You could be dead by then!