Older farmer on farm(c) Design Pics/Rex
Big changes to pensions rules come into effect on 6 April, following others brought in last autumn. These put pension planning back on the agenda for many farmers, says Sam Kirkham of accountant Albert Goodman. What are the main changes? First, all restrictions on the amount a person older than 55 can withdraw from their pension pots in cash are being removed. Pension holders will also have the discretion to do whatever they wish with the cash. Also, those younger […]