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Bad news in the government’s response to its consultation on liberalising pensions
KEY POINTS
- Pensions information will be guidance not advice.
- Tax planning idea using small pension pots.
- £10 000 annual allowance problems and possibilities.
- Reducing 55% death rate could allow IHT planning.
This job makes you so cynical. On the other hand if political spin doctors didn’t live down to my low expectations maybe I would be more trusting.
As it was when I heard George Osborne had been trumpeting the right to impartial guidance on breakfast TV several hours before the response to the consultation Freedom and Choice in Pensions was published I waited for the other shoe to drop when the response finally came out.
And drop it did later that day with a clatter of not-so-welcome news.
Guidance or advice?
The first was...
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