Budget 2014: Osborne delivers radical shake up of retirement income

Helen Morrissey
clock •

Chancellor George Osborne used today's Budget to radically overhaul the retirement income market.

The minimum income requirement for flexible drawdown was slashed from £20,000 to just £12,000 and from April 2015 anyone over the age of 55 will be able to take their entire pension pot as cash sub...

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Helen Morrissey
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