Treasury triples pension advice allowance to £1,500

James Phillips
clock • 3 min read

The Treasury has announced that from April savers will be given tax-free early access to their retirement pots in order to pay for advice.

The Pensions Advice Allowance (PAA), which was first mooted during last year's Budget, will provide for three separate £500 withdrawals in order to pay for advice. The £1,500 allowance is higher...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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