Finance Bill: ASI 'loophole' spied by Scot Eq

Rachel Vahey, pensions development manager at Scottish Equitable, says on first reading it seems the Revenue's plans to introduce ASI, which will work as an alternative for people who do not want to purchase an annuity at the age of 75, will go ahead intact. That means the propsals are unchanged on the original design outlined in the second pension simplification paper published in December last year, she adds. Vahey says she expected the Revenue to take a stricter line on ASI becasue of the issue of death benefits. Current legislation would, generally speaking, see a deceased pen...