Watch out if you reinvest cash into pensions

Over-55s taking phased retirement or redundancy could be hit under pension proposals
Thursday 01 Dec 2016 Author: Emily Perryman
People aged 55 and over who have enjoyed the flexibility offered by pension freedom could soon see their choices restricted under proposals put forward by the Chancellor. In his Autumn Statement on 23 November, Philip Hammond said the current Money Purchase Annual Allowance (MPAA) – the amount people can invest back into their pensions after withdrawing money – will be cut from £10,000 to £4,000 from April 2017, subject...

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