Budget 2010: More trivial commutation options to be investigated

An HM Revenue & Customs note released to coincide with the Budget said: "The government remains open to proposals for further simplification, provided that the simplification won't: * increase Exchequer costs; or * add significant costs for HMRC; and * would not be open to manipulation." Silverman Sherliker partner Jennie Kreser explained the government would investigate two proposals. She says: "It is going to be looking at a couple of proposals - the commutation of personal pension pots up to £2000 and allowing couples to pool pension pots to get better value on a joint life...