DIY Your Way Out of Pension Confusion
by Huw Evans
Under the old rules if my investment with Evanridge over the last 7 years has grown at 10% compounding per year, I would have been forced to give my capital away when I retired and get back less than half of what I was making on it when it was invested. That's why George Osborne's deceptively simple change in the rules certainly grabbed my attention (and I never found budgets that interesting even as a tax consultant). What I am looking at now is a very different landscape, no tie to annuities and a very modern flexibility.