Pensions relaxatio

HMRC have published more information to help people who want to use the new pension flexibility announced in Budget 2014 according to Harris & Co accountants Northampton, the specialist small business accountants.

The information is for people who have received a tax-free lump sum on or before 27 March 2014 and either cancelled an annuity contract within the cooling-off period on or after Budget day (19 March 2014) that was linked to that lump sum or not yet decided how to access the rest of their pension savings.

The guidance is available from HMRC.