Retirement

George Osborne's call for radical thinking on pensions tax relief could solve the problem "once and for all" but there are huge policy issues to overcome, industry experts have said.

The government has introduced an income tax exemption for regulated financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.

The 2015-16 tax year will be split into two mini tax years for the purposes of the annual allowance as part of transitional rules, the government has announced.

HM treasury will "actively monitor" the effect of salary sacrifice on tax receipts and has left the door open to cutting back on the benefit.

The government has delayed the launch of a secondary annuity market amid concerns about consumer protection, it has said in its Budget document out today.

A shift from an 'EET' to a ‘TEE' tax system could save the government £10bn a year, academic Michael Johnson has said.

The government is extending access to its 'free and impartial' retirement guidance service Pension Wise to those aged 50 and above.

Pension green paper: The eight key questions

The government has said it will close the scheme set up to compensate Equitable Life savers to new claims in December.

Chancellor George Osborne is to publish a green paper to seek feedback on a plan to make "pensions more like ISAs".