This week George Osbourne has given the green light to radical pension changes first announced in the March Budget.
From April 2015 investors will have unprecedented freedom over how they take money from their pensions – they’ll even be able to take the whole fund as cash from age 55. The first 25% should be tax free with the rest subject to income tax.
In my view, this is probably the most important pension news ever. It could affect every pension investor and create huge opportunity for companies wishing to enter the over 55s market.
We will be running a survey next month to see what people will do with their pension pot. Through digital channels, IFA enquiries and Market Research interviews the results / insights will be ‘reported’ through our dashboard portal.
The Consulting Pool