Budget 2016: Government to consult on Pension Advice Allowance

The government is to consult on introducing a Pension Advice Allowance to enable members to withdraw money from defined contribution (DC) pensions to fund financial advice.

Helen Morrissey
clock • 2 min read

The government is to consult on introducing a Pension Advice Allowance to enable members to withdraw money from defined contribution (DC) pensions to fund financial advice.

The details contained in documentation for today's Budget says the measures would apply to members up to the age of 55. They would be allowed to withdraw up to £500 tax free from their DC scheme to...

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