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<p>From April 2016, the government will change the tax rules to allow people who are
already receiving income from an annuity to assign that income to a third party, subject
to agreement from their annuity provider. The proceeds of the assignment could then
be taken directly or drawn down over a number of years, and would be taxed at their
marginal rate, in the same way as those taking their pension after April 2015.</p><p>
</p><p> </p><p> </p><p>Details of how the costs of this measure have been calculated
including the number of annuities that could be assigned can be found in the Budget
2015 Policy Costings document here:</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413895/Policy_Costings_18_00.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413895/Policy_Costings_18_00.pdf</a></p><p>
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