MPAA reform call as Covid effect impacts future retirement plans
31 August 2021
The Money Purchase Annual Allowance (MPAA) should be increased from £4,000 to at least £10,000 to prevent further risks to over-55s retirement plans, says Aegon. With many people experiencing financial difficulty as a result of the Covid-19 pandemic, Aegon highlighted that many middle-income individuals risk falling victim to the “little known” pension rule if they choose...