Nick Elphick looks at how retirement plans will need to adapt to increasing longevity.
The government will start to make payments to those Equitable Life policy holders who purchased their policies before 1992 and are still alive, in December.
Increasing employer pension contributions driven by rising longevity, auto-enrolment (AE) and poor defined benefit (DB) scheme returns has held back wage growth, according to Treasury figures.
The government will not change the basis on which GAD tables are formulated for income drawdown according to the Autumn Statement.
The government will boost ISA, Junior ISA and Child Trust Fund (CTF) annual subscription limits in line with the consumer price index.
Spouses and civil partners will be able to transfer £1,000 of their income tax personal allowance to their partners under plans unveiled by Chancellor George Osborne.
Stamp duty on shares bought in Exchange Traded Funds (ETFs) is to be abolished in a bid to encourage more firms to domicile products in the UK.
Non-residents will have to pay capital gains tax (CGT) on any gains made from residential property sales in the UK from April 2015, George Osborne announced today.
The Chancellor George Osborne said the "great recession" seen after the global financial crisis in 2008 had an even more detrimental impact on the UK economy than previously forecasted.