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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
