The over 55s have now been granted unprecedented and unfettered access to their defined contribution pension funds.
While lifetime needs and taxation should temper enthusiasm for taking pension funds in one go, there is no doubt the new rules offer subtle, but no less life changing, retirement planning opportunities.
At the same time, the 55% death tax on such funds has been eliminated for those who die before age 75 and significantly reduced for longer living pensioners. Over the next few weeks we will be communicating these changes to clients in more detail.
In the meantime, if you want to know more about how you might take advantage of the new pensions flexibility,
please contact your usual Blick Rothenberg contact or Martin Reynard, financial planning manager on +44 (0)20 7544 8804, or at email@example.com