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

Why the real problems of the pensions dashboard are yet to start

Why the real problems of the pensions dashboard are yet to start

'Its aims seem not only less relevant but potentially problematic'

James Floyd
clock 23 June 2025 • 5 min read
Turning data into dialogue: Helping clients visualise retirement realities

Turning data into dialogue: Helping clients visualise retirement realities

'Data is more than just a collection of figures, it's a powerful tool for engagement'

Joshua Croft
clock 20 June 2025 • 3 min read
Average pension transfer took just 11 days at tax year-end

Average pension transfer took just 11 days at tax year-end

Origo says transfer times decreased around tax year-end with half taking seven days or less

Jasmine Urquhart
clock 17 June 2025 • 2 min read