Pensions Freedom - drawing from your pension
The changes revealed in the 2014 Budget were described by some retirement planning experts as a pensions revolution. The radical proposals came as a surprise and were designed to change the retirement landscape by breaking the link between pensions and annuities.
While the reforms have now made their way into many pages of legislation, it is possible further changes will emerge once the new rules are put to use. The general election has resulted in a new pensions minster and she may wish to make her mark on the pension regime. These uncertainties mean that as far as possible, you should build flexibility into any plans you make.
For further information download the attached PDF document.
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