Pension Legislation Changes
The Budget on 19th March 2014 introduced some fundamental changes to longstanding pension legislation.
This means that there is now greater flexibility for those wishing to access their pension funds upon and before retirement. Pension pots can now be accessed from the age of 55. There is still the option to take out up to 25% of your pension fund tax free but there are tax implications if you take out any more.
These changes mean that seeking professional advice about all the options have become even more important and we recommend that you talk to one of our suitably qualified advisers.