New 'flexible' pension rules explained
Working people will be able to use their pension pots like bank accounts once they reach the age of 55. And every time they take money out, a quarter of it will be tax free.
The move has been announced by the Treasury as part of the Pensions Reform Bill. Ros Altman, the government's tsar for older people, explains the proposed changes.
14 Oct 2014
- From the section UK