Budget 2015: Osborne to allow pensioners to sell their annuities

Jenna Towler
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Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.

Osborne will use his speech to announce measures which will allow up to five million pensioners to sell their annuity contracts in exchange for cash lump sums. Osborne said: “There are five mill...

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