Two-fifths of over-55s 'unfairly' on £4,000 pension contribution danger line

clock • 4 min read

Two-fifths of working over-55-year old prospective retirees are unaware of Money Purchase Annual Allowance (MPAA) restrictions despite many flexibly accessing their pensions in past 12 months, according to new research by Canada Life, which is calling for the MPAA to be scrapped. The Canada Life survey of working adults over 55 found that more than one in ten (14%) have flexibly accessed their pension over the last year. However, two fifths of all respondents are unaware of any restrict...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login