Direct access to DC pots to net Treasury £4bn

clock

The Treasury expects to net an extra £3.9bn between 2015 and 2020 as a result of tax reforms designed to facilitate the Budget freedoms.

The forecast was made in an impact assessment attached to the draft Taxation of Pensions Bill, published yesterday. The bill proposes members will be able to dip in and out of their defined cont...

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

Steve Webb: Abolition of triple-lock could increase inadequacy by two-thirds

Steve Webb: Abolition of triple-lock could increase inadequacy by two-thirds

Former pensions minister says number of those with inadequate retirement could reach 25m

Jasmine Urquhart
clock 12 December 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Lloyds completes three longevity hedging transactions, WTW acquires Cushon, TPR updates admin guidance

Professional Pensions
clock 12 December 2025 • 1 min read
News Digest: MPs pension scheme makes 'mockery' of Reeves investment push

News Digest: MPs pension scheme makes 'mockery' of Reeves investment push

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 12 December 2025 • 1 min read
Trustpilot