Osborne’s pension revolution

Ed Bowsher looks at what the chancellor's far-reaching pension reforms could mean for your retirement pot.

The more we learn about George Osborne's pension reforms, the more it becomes obvious that they amount to a pensions revolution.

Earlier this week, the chancellor published his Taxation of Pensions Bill, which gives us more clarity on what is being proposed. In particular, he highlighted the fact that the rules governing the 25% tax-free lump sum will be much less stringent from next April.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Ed Bowsher

Ed has been a private investor since the mid-90s and has worked as a financial journalist since 2000. He's been employed by several investment websites including Citywire, breakingviews and The Motley Fool, where he was UK editor.

 

Ed mainly invests in technology shares, pharmaceuticals and smaller companies. He's also a big fan of investment trusts.

 

Away from work, Ed is a keen theatre goer and loves all things Canadian.

 

Follow Ed on Twitter