In the face of countless short-term changes to taxation policy, Sam Liddle argues a genuine absolute return approach to investing could prove a long-term retirement solution
The government has made some significant changes to the tax rules over the past five years. While not all were directly related to pensions, they all impact the way retirees take their income. This, in turn, also affects the way retirees should invest. In general, it has been bad news for those who have tied their flag to one particular mast. Buy-to-let investors, for example, have seen some of the associated tax breaks removed. At the same time, in a new era of pension freedoms and rock-bottom annuity rates, it is clear an annuity may not be the right option for the entirety of a retire...
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