Government urged to decouple tax-free lump sum from other pension decisions

clock • 3 min read

The pensions freedoms rules should be amended to allow savers to access their 25% tax-free lump sum and leave the rest invested in their pension, Lane Clark & Peacock (LCP) has urged MPs.

  In response to the Work and Pensions Committee's three-part inquiry into freedoms, LCP partners Sir Steve Webb and Laura Myers proposed the change to improve outcomes for consumers after conce...

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