Origen Financial Services Report on the Six Key Changes in the Pension Revolution
The first change, Flexi-Access Drawdown (FAD) allows all those over 55 to drawdown as much as they wish from their pension fund.
Origen Financial Services Welcomes Removal of Unfair 55% Pension Death Tax
Under plans announced today by George Osborne at the Conservative Party Conference, savers will be able to pass on money in their pension pot tax-free to a nominated beneficiary after their death. This announcement was originally due to form part of in December’s Autumn Statement but the Chancellor has brought this piece of good news forward.
Origen Financial Services Welcomes New Pension Flexibility
Under the new regime, everyone aged 55 and over with savings in a defined contribution plan will be allowed flexible access to some or all of their pension savings. The option of taking a tax free lump sum of 25% of the pension fund will remain; to help people understand their additional retirement options, free and impartial guidance will be available. This will be provided by an independent organisation, such as the Money Advice Service or The Pensions Advisory Service.
Isas Just Got NISA - Origen Financial Services Review the Super New ISA Launched July 2014
From 1 July all ISA accounts become NISAs reports Mike Morris, Technical Manager at Origen Financial Services. This applies equally to any new accounts subscribed to and any existing accounts. Mike details the key changes below: