Pre A-Day pension offers 100% tax-free cash

After this date, tax-free cash will be 25% of the fund, however, financial services company, Barnett Ravenscroft argues people could draw out as much as 100% of their fund, before the new rules from the Inland Revenue fall into place. The company says people are still able to take advantage of existing rules under the Finance Act 2004 and is of particular application to self-administered schemes and those who have not yet made major contributions towards pension provision. Present laws for occupational pension schemes arranged by company employers dictate the maximum benefit provide...