Pensions  

Advisers have 4 months to get to grips with pension tax rules

"Furthermore, this tax-free threshold will no longer restrict the overall value that can be taken as a relevant lump sum, and lump sum benefits which exceed this monetary cap will be taxed an individual’s or beneficiaries’ marginal rate."

The Treasury was approached for further comment. 

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tara.o'connor@ft.com

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