Bulletin 48 – The Chancellor’s proposed pension changes

Welcome to Bulletin 48 – The Chancellor’s proposed pension changes 

In our latest bulletin we look at the Chancellor’s proposed pension changes, including:

  • Taxation Easements on Lump Sum Settlements.

Now that we’ve had time to reflect on the proposed pension changes, it’s become increasingly clear that an ability to pass on, tax free, crystallised pension funds on death before age 75, to any beneficiary, will reshape decades of thinking on tax efficient capital investment and wealth settlement provision.  The proposed changes, once in force will also greatly ease the principal remaining decision on the timing of benefit uplift. Click here for the full article

  • A 5 Week Settlement Opportunity?

If the proposed pension changes regulations suffer no limitations or reversals in the Chancellor’s Autumn Statement on 3rd December, they will come into effect unchanged on 6th April 2015. However, the general election which is scheduled for 7th May 2015, could of course see further changes in the new parliament, so it will be prudent to take advantage of the new pension opportunities,  in April 2015, whislt they are guaranteed to remain.

  • A Definitive Comparison of the Chancellor’s Pension Changes Proposals

For simplicity, clarity and conciseness, the key proposed pension changes to the taxation of pension benefits passing on death are summarised in bulletin 48. Click here for full details.



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