Annuitants drawing an income from small retirement funds are most likely to sell their contracts, among those in favour of proposals permitting them to do so, according to research.
The government expects to collect an extra £3.1bn from those found to have avoided or evaded tax payments - and those professionals who help them - Chancellor George Osborne said in his Budget speech today.
Chancellor George Osborne has announced a 'radically more flexible' ISA system as he used the final Budget of the current Parliament to offer more saver-friendly policies to the electorate.
Lower inflation, driven by a fall in oil prices, has helped the Office for Budget Responsibility (OBR) upgrade UK growth forecasts for 2015 and 2016 and given the government room to move on near-term borrowing.
Chancellor George Osborne will cut the lifetime allowance of tax free pension savings from £1.25m to £1m in tomorrow's Budget, according to reports.
Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.
George Osborne is planning a pre-election boost for hundreds of thousands of workers by announcing a further increase to the income tax personal allowance.
More than half a million people will be able to take advantage of the government's changing regulation around pensions from 6 April, according to latest official estimates.
Lloyds Banking Group is to start paying dividends again for the first time in six years, set to be 0.75p per share for 2014.