Treasury confirms overhaul of pension tax free lump sum rules

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The Treasury is laying its proposed legislation to give savers more freedom over how they take a tax-free lump sum from their pension pot before parliament today.

Under current rules, from the age of 55 people can take 25% of pension savings as a tax-free lump sum. But, as announced at Budget 2014, in future savers will be able to dip into their pension p...

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