A third of the workers who retire with private pensions next year will cash in their pots, according to estimates from the taxman.
New rules introduced in this year’s Budget allow retirees to plunder their pension pot at normal tax rates and HM Revenue and Customs thinks that 130,000 out of 400,000 will do so. The projections also indicate that Chancellor George Osborne’s shake-up is set to generate a Treasury windfall of around £3.8billion over the coming five years as people move to cash in their pension pots, subject to tax.
There are many advantages and disadvantages of the proposed changes, during this free seminar you can find out how to access the funds built up in your pension and at the same time avoid the associated risks and pitfalls.
Join Alan for this relaxed but informative evening seminar and you will come away equipped with more information on the pros and cons of the impending legislation to enable you to make more informed choices about your financial affairs in the future. Places are limited due to the size of the room available so book early to avoid disappointment.