We have done quite a few blogs on the forthcoming changes to pensions. We have heard quite a few people talking about how they will be able to treat their pension as cash but not everyone understands the tax consequences of doing that. This is a helpful article that explains the tax position and other important points.
The new pension freedoms in April will overhaul financial options in retirement. With so many elements changing dramatically, it’s important to get to grips with the new rules before making any decisions about retirement income. Here we look at why you should save into a pension, whether you will be able to access your cash and what your options are when taking an income.