Consultation outcome

Removing the requirement to annuitise by age 75

From:: HM Treasury
Published: 15 July 2010

Read 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

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.

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

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.

Draft clauses for the 2011 Finance Bill together with Explanatory Notes, Tax Information and Impact Note and contact details for enquiries relating to the draft clause

Documents