Budget 2014. Reasons to be Cheerful 1. 2. 3. 3 exceptional reasons to be happy as a private investor 1. New flexibility on drawing your pension - From next year people over 55 will be able to draw their pension down as cash as quickly or slowly as you want. More importantly many people, especially those wanting to retire before state retirement age, will be able to take their pension more tax efficiently. 2. ISA allowance increases to £15,000, cash or shares. 3. You will soon be able to transfer your ISA back and forth between Stocks and Shares and Cash, so you no longer need to lose the tax efficiency of your ISA as the need to spend your funds draws close.
Posted on: Wed, 26 Mar 2014 18:01:33 +0000
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