This will be relevant for some who took cash from their defined benefit scheme or decided to waive their full tax-free cash entitlement.
April 2024 is only four months away. Advisers might want to spend some time now understanding the rules, identifying which of their clients are affected and setting a strategy in place for them. The clock is ticking, and we will soon reach this next historic date for pensions.
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Rachel Vahey head of public policy at AJ Bell
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