The tax treatment of annuities has been brought into line with income drawdown. While this is largely a positive thing, Helen Morrissey finds inconsistencies remain.
George Osborne's announcement of changes to the tax treatment of annuities was widely foreshadowed in the run up to the Autumn Statement. Under the changes the 55% tax charge levied on beneficia...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
