All Change for Pensions

Posted in : Supplementary Articles NI on 19 June 2014 Issues covered:

The Chancellor’s Budget promises to transform the post-retirement landscape. What George Osborne unveiled on 19 March 2014 represents the most radical reform of pension taxation since 1921, and introduces far more flexibility than all the defined ambition (DA) work put together

From April 2015, individuals will be able to draw on their defined contribution (DC) funds with much greater flexibility than now. However, as a first step in implementing the reforms, a number of interim taxation changes took effect from 27 March 2014. The new flexibilities will have a huge impact on the way in which both DC and DB schemes operate, and we will look at the implications and developments as they

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This article is correct at 06/08/2015

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