Consultation outcome

Removing the requirement to annuitise by age 75

From:
HM Treasury
Published
15 July 2010
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded

Download the full outcome

Removing the requirement to annuitise by age 75: a summary of the consultation responses and the Government’s response

PDF, 383 KB, 28 pages

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Detail of outcome

a summary of the consultation responses and the Government’s response to removing the requirement to annuitise by age 75

Original consultation

Summary

At the June Budget the Government announced it will end the effective requirement to purchase an annuity by age 75 from April 2011.

This consultation ran from
to

Consultation description

The Government announced at the June Budget that it will end the effective requirement to purchase an annuity by age 75 from April 2011. A consultation on the details of this change was launched on 15 July 2010 and closed on 10 September 2010.  The consultation document, which can be downloaded below, set out the Government’s proposals and invited comments on all aspects of the proposed new rules.

185 responses to the consultation were received from a wide cross-section of individuals, pension professional, advisers, trade bodies and academics. A summary of consultation responses is available below. Included in this is the Government’s response, detailing the final policy decisions made as a result of the consultation process.

Documents

Removing the requirement to annuitise by age 75 (PDF 596KB)

PDF, 596 KB, 53 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Published 15 July 2010