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 ...

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