With increased pension flexibility, Osborne clearly wants to be a chancellor for the Saga generations

Tuesday 14 October 2014

Commenting on the proposed extra flexibility to taking part of your pension savings tax free, Saga director Paul Green, said:

With increased pension flexibility, Osborne clearly wants to be a chancellor for the Saga generations

"It is heartening to see that the Chancellor has embraced flexibility and is trusting the nation's millions of pension savers. in fact in a recent survey of more than 10,000 over 50s, only 54 people said they planned so splash the cash, with more than three quarters planning to use their pension fund to secure a sustainable future income. Enabling the over 55s to draw down part of their savings tax free over a number of years will be hugely popular, Osborne clearly wants to be a Chancellor for the Saga generations.

 

“But flexibility will also boost confidence in long term savings that will help give younger people a better future lifestyle too.”

 

Ends

Populus interviewed 10,657 Saga customers, all aged 50+, online between 11 an d16th April 2014.  Populus is a member of the British Polling Council and abides by its rules.

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