New pension rules lead to more cash for the taxman
Posted by James Cartwright | Pensions, Savings | No Comments
When the details for the new pensions regime became clear we warned that the real reason behind the change was to generate extra tax revenue for the government.
While it was pitched by George Osborne as a brave new pensions world of freedom and flexibility, new figures have now emerged showing the true picture.
New research out today shows the full extent of the windfall for the Exchequer in just the first 3 months of the new system.
Many financial advisors are starting to report that they are seeing a significant uptick in the number of 
Pensions transfers for people who are thinking about leaving or have already left the UK are often advised – they can carry huge benefits in terms of tax advantages, relaxed rules, leaving your pension to your heirs and more. However, because the QROPS are all outside of the UK, it can be a murky and confusing world.
Most people have a defined contribution (also known as money purchase) pension scheme where the saver will contribute to a pot of money that will be used to provide an income in retirement. However, there are other schemes which can be referred to as defined benefit or final salary schemes.
Promising signs of economic recovery aside, it’s fair to say that the majority of the UK population is still mired in financial anxiety. Young people struggle to get on the property ladder due to the extortionate entry price (particularly in the capital), soaring energy prices leave the poorest and most vulnerable cold, and 
In a continuation of the 