Quarter of advisers call for removal of 'emergency tax' on drawdown - abrdn

'Disappointment for many clients'

clock • 3 min read
Quarter of advisers call for removal of 'emergency tax' on drawdown - abrdn

Removing emergency tax on income drawdown payments is one of the leading tax and pension planning simplifications that advisers feel would be most useful to them and their clients, according to recent research from abrdn.

More than a quarter (26%) of respondents to abrdn's bi-annual survey of 190 UK financial advisers said removing the tax would top their wish list of potential changes, over removing elements such a...

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