Budget 2014: Govt to scrap restrictions on pensions access - UPDATE 6

Helen Morrissey
clock • 1 min read

The government is set to scrap restrictions on how people take pensions income as part of a radical overhaul of tax relief.

From 27 March this year, the government will slash the minimum income requirement for retirees entering flexible drawdown from £20,000 to £12,000 and raise maximum GAD limits for those in capped dr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Government confirms Emma Douglas as 'preferred' candidate for TPR chair role

Government confirms Emma Douglas as 'preferred' candidate for TPR chair role

The WPC will hold a pre-appointment hearing with Douglas next week

Holly Roach
clock 09 January 2026 • 1 min read
PDP proposes launch of private sector dashboards working group

PDP proposes launch of private sector dashboards working group

PDP proposes extending industry collaboration to support the delivery of private sector dashboards

Holly Roach
clock 09 January 2026 • 2 min read
UK Pensions Awards 2026: 2 weeks left to enter!

UK Pensions Awards 2026: 2 weeks left to enter!

This year’s awards will be held on 11 June at The Brewery in London

Professional Pensions
clock 09 January 2026 • 3 min read
Trustpilot