Budget 2014: Osborne's ground-breaking changes for pensioners

Updated
Budget 2014
Budget 2014

In the past few months there has been a great deal of speculation as to whether the Conservative party is taking a beating by UKIP among older votes. The consensus was that the Tories needed to do something dramatic to win back the support of the grey vote.

Clearly this Budget is George Osborne's attempt to do that, with far-reaching and dramatic changes to savings and pensions. Dean Mirfin, Group Director at Key Retirement Solutions points out: "The whole retirement saving landscape has been shaken up, and the Chancellor's talk of the most far-reaching reforms since 1921 are absolutely correct. He has fundamentally changed the way people save for retirement and how they take their income."%VIRTUAL-SkimlinksPromo%

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