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Much has been written about new pension legislation being introduced in the UK in April 2015. Essentially, pensioners with defined contribution schemes will have free access to their pension pots from the age of 55 and be able to use the money as and when they wish. The government has likened future pension pots to […]
The UK government has made much of its “pensions revolution” with Chancellor George Osborne describing the changes currently being introduced as “the most far-reaching reform to the taxation of pensions since the regime was introduced in 1921”. Legislation already introduced this year has relaxed the rules with the raising of limits on drawdown income, but […]