Budget 2014: Govt to scrap restrictions on pensions access - UPDATE 6

Helen Morrissey
clock • 1 min read

The government is set to scrap restrictions on how people take pensions income as part of a radical overhaul of tax relief.

From 27 March this year, the government will slash the minimum income requirement for retirees entering flexible drawdown from £20,000 to £12,000 and raise maximum GAD limits for those in capped dr...

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