RP Poll: Should pension withdrawals to fund LTC be tax free?

clock

In this week's quick fire RP poll we ask RP readers: Should withdrawals from pension pots to fund long-term care costs be made tax free?

To let us know your views visit the poll HERE. Last week's poll asked: Will platforms face a capacity crunch post-April 2015? Advisers are of the opinion that platforms will struggle to cope when pension freedoms begin. Some 67% thought platforms businesses will struggle to cope with demand. Far fewer - 22% - were confident platforms would cope. The rest, 11%, didn't know. The poll came after Standard Life sounded alarm bells. It said demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a provider and platform ‘capacity crunch'....

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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Crucial advice issue: Death benefits detail advisers need to know

Crucial advice issue: Death benefits detail advisers need to know

Important differences from previous regime

Andrew Tully
clock 05 April 2024 • 4 min read
British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read
SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read