Getting the hang of lump sums post A-Day

The rules relating to lump sums have changed since A-Day, so in this week's pensions page Legal & General's Colin Batchelor explains what the main differences are

This time 12 months ago I wrote in Investment Week that you should probably think again, if you thought that pensions simplification would make life easier when calculating tax-free lump sums or, to use the correct term, pensions commencement lump sums. Well, needless to say, things have become no easier, but now that we have crossed over the threshold into the post A-Day world, perhaps we are now getting more familiar with them. Here I shall look at some scenarios, based on questions the Pensions Technical Team receives, which with the use of examples, hopefully will help explain how much ...