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  • Tips & Advice Tax - Can you cash in your annuity?
    Can you cash in your annuity?..Pension’s freedom. As you probably know, from 6 April 2015 pensions freedom comes into effect allowing people access to the whole of their funds when they reach 55 years old. However, if you’ve already bought an annuity (pension for life) or buy one after 5 April 2015, you’re locked into the arrangement, but not if the Pensions Minister has his way. Life sentence. You might have read the Minister’s statement in the press that the government is considering a change to the...
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