Property News · March 4, 2016

Pensions ISA could be in budget despite criticism, Treasury indicates


Controversial policy that could see people take entire pension pot tax free is said to be among those considered by chancellorRadical options for reforming Britain’s pension system at the 16 March budget are still on the table, Treasury sources have indicated, despite public criticism of plans from the pensions minister Ros Altmann.Lady Altmann warned that controversial proposals for a “pensions ISA”, which could allow savers to take their entire pensions pot tax free on retirement, could lead to pensioners saving too little for the later years of their retirement. Continue reading…

Source : theguardian.com
Read more…Pensions ISA could be in budget despite criticism, Treasury indicates

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