Retirement savers should consider taking their tax-free lump sum now to avoid possible new tax charges after the general election, BDO Investment Management says.
Actuarial director John Broome Saunders warned the next government could introduce a lower-rate tax on the whole lump sum but increase the current 25% allowance to offset this. Broome Saunders said:...
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
On balance the asset class is well-positioned for 2019, according to Eaton Vance