|What will happen to pensions in 2016?
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|Author:||admin [ Mon Jan 04, 2016 9:14 am ]|
|Post subject:||What will happen to pensions in 2016?|
2015 has been a huge year for pension changes - but 2016 could also be packed with surprises..
In April new freedoms were introduced that allow savers to spend their retirement funds how they like. Or at least in theory - in practice, many have found it hard to access their pension pot or have discovered that they have to pay charges to do so.
This year there are even more changes on the horizon. We already know that the new state pension will be introduced, additional-rate tax relief will be cut and the lifetime pensions limit will be reduced to £1m...Read more
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