The Government's decision to continue requiring all pension savers to draw down their money breaches the European Directive on Discrimination, says Rowanmoor Pensions.
David Seaton, director of consultancy at Rowanmoor Pensions, says: “Age 75 has been set by the Government totally indiscriminately; they have offered no justification for age 75. “This is a clear breach and discriminates against the entire UK population age 75 and over. Why should 75 year olds be forced to draw their pension at that age? Is this the date they must stop working? “I believe it will not be long before the Government is taken to the European Courts over this. Many of our clients are extremely unhappy with the totally unfair and penal taxes for those over age 75. They will ...
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