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From April 2015, individuals will have total freedom over how they use their pension savings.
The summer edition of Eversheds’ UK Pensions Agenda is out. It summarises 10 key issues affecting UK pension plans and plan sponsors.
In the 2014 Budget, several changes to the tax rules for DC pensions were announced that will give greater flexibility to individuals saving in DC pension plans.
Ben Jones, tax expert at Eversheds, has commented on concerns that the introduction of an EU-wide financial transactions tax could hit UK savers.