As of April 2015, there will be no restrictions on the amount of income to be taken from a pension. George Osborne is clearly giving people more freedom in terms of how they receive their pension and by doing so some would argue he has he destroyed the annuity market.
The Budget – A Pensions Charter?
Sweeping new rules on maximum charges that can be applied to Qualifying Funds within a Work Place Pension that qualifies for Automatic Enrolment have been introduced from April 2015.
Auto enrolment – preparing your organisation
Click here to read some great advice for organisations preparing for auto enrolment.
Preparing your payroll for auto enrolment
Click here to read about the importance of preparing your data for export and how to get it right first time.