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Budget/FB 2007 — Pensions

 
Continuing our regular pensions update the Norton Rose Pensions Team cover the pensions aspects of the Budget and the Finance Bill
Pensions Aspects Of Budget 2007
 
Below is a summary of the main provisions relating to pensions contained in the Budget delivered by Gordon Brown on 21 March 2007.
Alternatively Secured Pension (ASP) Rules
What is an ASP?
 
ASP is the formal name for the rules allowing a member of a pension scheme who reaches age 75 to draw down income and avoid having to buy an annuity. These rules were introduced from 6 April 2006...

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