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.
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