The government has indicated it will not make changes to tax policies to make it easier for savers to take out their pension commencement lump sum (PCLS) before accessing their pension for the purpose of funding retirement.
In its response to the Work and Pensions Committee's (WPC) second recommendation within the 25-strong package laid out in January, the government said decoupling the 25% tax free sump would likely ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
