Financial companies and MPs have presented plans to the Government to allow young people to use their pensions to buy a home – but experts have mixed opinions on how this would work in practice.

A number of proposals are being worked on to potentially allow pension savers to tap into their retirement funds to help them buy a house earlier in life.

One of those proposals is from Andrew Lewin, MP for Welwyn Hatfield, who wants young people to be able to access some state pension early to fund a house purchase.

Mr Lewin is working with the Social Market Foundation (SMF) on a so-called “Citizen’s Advance”, which would allow young people to take a year of state pension early, for example, to put towards a deposit.

The advance would let anyone who has been working for at least 10 years un

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