UK Pension savers may no longer be able to take 25% of their pensions as tax free cash if proposals of a think tank are taken.
Instead of the popular tax break, the Centre for Policy Studies (CPS) proposed that every pension pot should be increased by 5pc before it was used to buy an annuity. UK Pension savers may no longer be able to take 25% of their pensions as tax free cash if proposals of a think tank are taken.
Instead of the popular tax break, the Read More