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Hargreaves finds A-Day loophole.
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FROM A-Day, higher rate tax payers over the age of 50 will be able to continually increase their pension funds, at no further cost to themselves.
This is according to Tom McPhail, head of pensions research for Hargreaves Lansdown in Bristol, whose research into A-Day changes reveal a higher rate tax payer with AGBP7800 invested in a pension could see the amount more than double over six years without any risk.
From April 6 next year, when a single pension tax regime comes into play, those aged 50 and over, can take 25 per cent tax-free cash from their pension fund and do ...
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