From 6 April 2015, there is a major shake-up in the UK's pensions market, meaning that pensions . and the way people can access them . are changing.
There will be flexible access to pensions from age 55 meaning that they will have freedom over how they take an income or a lump sum from their pension.
Changes also mean that the 'death tax' will be abolished meaning that a pension can be passed to a relative as a tax free sum.
Also some pensioners will also be able to make unlimited withdrawals if the have a final salary pension.
All these changes mean that it will be easier and more effective to use the cash in your pension for investing, especially in property!
For more information, contact Will Gentle at the office.