HMRC's interpretation of minimum pension age rules is ‘complete madness' and could leave people aged between 50 and 55 with massive tax bills, Rowanmoor Pensions warns.
The provider said people in that age brackets who have crystallised benefits in an unsecured pension and wish to transfer to another provider would suffer. It explained members could be forced t...
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
