Adrian Boulding: Pension tips for the 2016 Budget

Pensions avoids a bloodbath

clock • 6 min read

Adrian Boulding predicts a neat tax avoidance-linked surgery rather than pensions tax reform bloodbath in Wednesday's Budget

It would be irresponsible to encourage pensions savers to take any radical action such as putting a large lump sum into their pots, or worse, cashing it all in, because of speculation about pensions tax rule changes in this week's Budget.  However, there is no doubt that has been a period of frenzied accumulation activity going on over the last three months right up until George Osborne ended tax reform speculation, making it clear that he was not going to abolish higher rate pensions tax relief or move to an ISA-style pension regime (just yet). So much so that AJ Bell estimated last ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

FCA data reveals 'notable advice gap' in drawdown

FCA data reveals 'notable advice gap' in drawdown

Almost half of pots entering drawdown now do so without regulated advice

Sophia Panayi
clock 24 September 2026 • 2 min read
Action 'needed now' on salary sacrifice to minimise disruption

Action 'needed now' on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Self-employed face retirement saving 'obstacle course'

Self-employed face retirement saving 'obstacle course'

‘Structural gap’ in participation between employees and self-employed

Martin Richmond
clock 22 September 2026 • 4 min read