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New UK pension rules: Free seminar!
While media headlines focus on fiftysomethings cashing in their pension for a new car or holiday, many are still weighing up their options.
From April, anyone over the age of 55 with a UK pension will be able to draw the whole fund in one go if they so wish. Up until now, only 25% could be taken as a lump sum, the remainder had to be used to provide an income. The looser rules also apply to those who are still working.
Find out about the new rules and how they affect you at this evening event with speakers Pauline Curran (The Fry Group, Belgium) and Ben Lester (Brookland Pensions).
“The new rules only apply to ‘money purchase’ pension schemes, not to ‘defined benefit’ schemes’. Also, not all pension providers will offer the new pension freedoms. As with all financial matters it is important to get the right advice based on your circumstances,” says Curran.
Aims of the programme:
Outline the new rule changes
Explain how to take advantage – what are your options?
Highlight any potential pitfalls
Inform you of the tax implications for both UK and Belgian residents
Question the continued validity of QROPS (Qualified Recognised Overseas Pensions Schemes)
26 March, 18.00-20.30
British Chamber of Commerce
Boulevard Bischoffsheim 11, 1000 Brussels
Free for chamber members and non-members. Registration here