Pension Freedom leads to Government windfall

Pension Freedom leads to Government windfallWhen Pension Freedom was first announced by George Osborne, in the spring of 2014, many commentators remarked that giving people greater access to their pensions, whilst raising additional revenue for the Treasury, was a clever move. New figures have now revealed the likely extent of the windfall to the Treasury and it’s far greater than had previously been predicted. George Osborne had indicated that in the first year Pension Freedom would raise £415 million. However, new figures from Hymans Robertson, a pension consultancy, estimate that a total ...