Emergency Budget 2010 - Deferring pension

Good news for those nearing age 75 and not wanting to take their pension benefits - there will be an end to the effective requirement to use a pension fund to buy an annuity by age 75 from 2011/2012. The government will consult shortly on the detail of the changes being introduced.

Source: http://feeds.lexblog.com/~r/MercerHole/TaxPlusBlog/~3/7WLHcV2Y9qk/

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