Pensioners will today be offered new freedoms to dip into their retirement cash. In the latest phase of the biggest shake-up of private pensions in a century, the over-55s will be able to withdraw several lump sums from their pension pots instead of just one. George Osborne’s move raises the prospect of pensioners using their funds almost like bank accounts to invest in property or shares, pay off debts or help children and grandchildren. Full story >>
To dip into something is to take some money from an amount that you have saved, especially when you should not. • You'd better stop dipping into your savings.