- George Osborne’s announcement removing the requirement for savers to purchase an annuity at retirement could lead to a buy-to-let boom,
- But the tax implications of withdrawing the entire pot have raised concerns among financial advisers.
- Under the new rules unveiled during this week’s Budget, Osborne will continue to allow retirees to take 25 per cent of their pension as a tax-free lump sum but the remaining pot will be taxed on the individual’s marginal tax rate.
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