IoD calls on govt to boost pension withdrawal allowance for funding start-ups
Additional 10% tax free
The Institute of Directors (IoD) has called on the government to allow people to withdraw an additional 10% of their pension tax-free to be used as an investment in a start-up company.
The IoD said the government should allow a theoretical cap of £100,000, or 10% of the pension pot, to be withdrawn in addition to the 25% tax-free allowance currently available under pension freedoms....
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