Posted: Apr 21, 2016
The chancellor outlined two initiatives in the March 2016 budget that acknowledge the far-reaching pension reforms, which he originally announced in 2014. With more freedom than ever to use cash from their retirement funds, the government's thinking is that people have a greater need than ever for professional financial advice. If your employer arranges pension advice, you can will be able to claim tax relief up to £500 from April 2017. Currently the allowance is £150.