Helen Morrissey accountancy_age
THE GOVERNMENT is set to scrap restrictions on how people take pensions income as part of a radical overhaul of tax relief. From 27 March this year, the government will slash the minimum income requirement for retirees entering flexible drawdown from £20,000 to £12,000 and raise maximum GAD limits for those in capped drawdown from 120% to 150%, Accountancy Age's siter publication Professional Pensions reports. In a widely anticipated move Osborne also...
Reported by Accountancy Age 16 hours ago.
THE GOVERNMENT is set to scrap restrictions on how people take pensions income as part of a radical overhaul of tax relief. From 27 March this year, the government will slash the minimum income requirement for retirees entering flexible drawdown from £20,000 to £12,000 and raise maximum GAD limits for those in capped drawdown from 120% to 150%, Accountancy Age's siter publication Professional Pensions reports. In a widely anticipated move Osborne also...
Reported by Accountancy Age 16 hours ago.