MPAA
40% of UK retirees unaware of MPAA restrictions
As over half continue to contribute to their pension pots after entering drawdown
LTA freeze to ‘stealthily drag thousands into the tax net’
As UK Treasury eyes extra £250m a year from the move
Pension withdrawals jumped in Q3
But only half of retirees aware of the money purchase annual allowance
Over 80% of UK advisers call for annual allowance reform
40% want ‘deeply unjust’ MPAA scrapped altogether to ease the covid burden savers are facing
Rash decisions risk hurting unadvised retirees during pandemic
DIY savers ‘more inclined to have a knee jerk reaction’ to volatile markets