Hints and tips:
...“This isn’t a decision that somebody should be making if they aren’t getting advice or don’t know exactly what they’re doing and the risks they’re taking,” says Patrick Connolly, certified financial planner...
...“The cost of the guarantee is usually far greater than the benefits it provides,” says Patrick Connolly, certified financial planner with Chase de Vere, the independent financial adviser....
...But Patrick Stevens, tax partner at Ernst & Young, noted that the measure will not mean “millions of the lowest paid are lifted out of tax altogether” as the chancellor claimed – merely 840,000 on Treasury...
...Andrew Tully, pensions technical director at MGM Advantage said: “In times of rising longevity, it seems right the government has taken this action....
...“Labour’s rules on pensions’ reliefs were unnecessarily complicated,” said Patrick King, tax principal with MacIntyre Hudson, the accountants....
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