Apr 24 2009

Budget 2009 - Another Budget Raid on Pensions

General News

In it's 2009 Budget, the Government has once again chosen to meddle with the pension system and is once more hindering long-term retirement saving for higher earners to try to achieve a quick fix of the other problems that it has created.

The new proposals have substantial ramifications on pension planning for employers and individuals, comtemplating further pension savings. In addition, those who have commenced or who are eligible to commence pension drawing, may need to review their strategies as a result of announced tax increases.

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