Govt to publish annuitisation plans in December

The coalition has already removed the need to annuitise at age 75, putting in place an interim limit of age 77 for purchasing an annuity with a view to removing the limit altogether next year and allowing new forms of income drawdown. According to a written statement from exchequer secretary to the Treasury David Gauke, the government will publish draft clauses for the Finance Bill on tax policy, simplification of corporate capital gains, furnished holiday lettings and various areas of HMRC's powers. Gauke says the government will also publish more details on corporate tax reform befo...