RP Poll: Should pension withdrawals to fund LTC be tax free?

clock

In this week's quick fire RP poll we ask RP readers: Should withdrawals from pension pots to fund long-term care costs be made tax free?

To let us know your views visit the poll HERE. Last week's poll asked: Will platforms face a capacity crunch post-April 2015? Advisers are of the opinion that platforms will struggle to cope when pension freedoms begin. Some 67% thought platforms businesses will struggle to cope with demand. Far fewer - 22% - were confident platforms would cope. The rest, 11%, didn't know. The poll came after Standard Life sounded alarm bells. It said demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a provider and platform ‘capacity crunch'....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read
Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Report published as Reeves delivered inaugural Mansion House speech

Jonathan Stapleton
clock 15 November 2024 • 4 min read