Briefing note: Removing the annuity requirement for pensions

Following the publication of the draft Finance Bill 2011 last Thursday, we have today published our latest briefing note, looking at the removal of the requirement to buy an annuity at age 75.

Within this free 10-page briefing note, we describe the new rules for deferring pension benefits past age 75.

We also look at the treatment of unsecured pensions (income drawdown) from 6th April 2011 and the introduction of a Minimum Income Requirement (MIR) for people wanting to draw unlimited income from their pension funds in retirement.

Finally, we consider changes to the taxation of death benefits from unsecured pensions and a series of other pension changes that are taking place over the next couple of years.

You can download this briefing note here. There is no need to register or provide your email address, but we hope that you will consider subscribing to our weekly personal finance ezine.