Digging deeper into the pension reforms

All the hype surrounding the pension reforms is dying down a little, although there are still plenty of issues for providers and advisers to get their heads around before next April. The two that jump out are in relation to pre-April 2015 planning, and the restrictions and limitations on the much publicised uncrystallised funds pension lump sum. Capped drawdown planning The fact that capped drawdown will remain gives advisers a good reason to discuss retirement options with their clients before the end of the tax year, provided they will be 55 by then. The rules state that if th...