Island Life Magazine Ltd February / March 2016 | Page 129

Daniel Burns, Associate Partner at
St. James’s Place Wealth Management,
explains how Retirement will look in 2016.

T

hese changes could radically alter
your plans for retirement.

From April 2015, we have seen more
freedom in ways people can take
certain pension benefits on reaching
55. But what do these changes mean
if you are planning your retirement?
In theory, the new flexibility will allow
you to treat your pension fund in the
same way as any other investment:
you will be able to take withdrawal