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UK pension liberalisation and how the changes affect expats

Spectrum, Published on 18/01/2015

» In his 2014 budget, the British Chancellor of the Exchequer announced the most significant pension liberalisation of the past century. The action by George Osborne affects all people with UK private pensions. It’s worth noting, however, that the UK state pension, funded by national insurance contributions and run by Her Majesty’s Revenue and Customs (HMRC), is unaffected, although these old-age pensions are also subject to a different reorganisation and revision of rules.