Artikler tagget med UK
At Budget 2014, the Chancellor announced that all restrictions on how individuals aged 55 and over can access their pensions will be lifted from April 2015 onwards. This briefing note provides an overview of findings from research, conducted on behalf of AllianceBernstein by Opinium research, with Defined Contribution savers around their needs under the new pension flexibilities.
Tax incentives are seen as a means to encourage pension saving amid concerns that people are not saving enough for retirement. Pension saving attracts a level of tax relief that compares favourably with other types of saving. However, there are concerns that tax relief is expensive, poorly targeted and does not achieve its policy objectives.
Freedom and Choice in Pensions: comparing international retirement systems and the role of annuitisation
01 august 2014
At Budget 2014 the Chancellor announced radical changes to how Defined Contribution (DC) pension savings can be accessed at retirement.This Briefing Note explores how DC savings are accessed in other countries, how this interacts with wider government policy, and what international experience might mean for how DC savings are accessed in future in the UK.