Treasury Minister Alf Cannan delivering the 2018 Budget Treasury Minister Alfred Cannan says he trusts savers and pension holders to manage their own finances.
He made the comment as a number of pension providers lobbied Tynwald members to vote against this week’s Budget as it contained proposals that would signal a major reform of private pensions.
Mr Cannan announced a new Manx pension which will allow holders to withdraw the whole value on retirement, 40 per cent of it tax free, if they so choose from the age of 55.But a number of private pension providers say that they are worried […]
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