Kieran Coughlan: New tax could take 40% of your pension fund

The Finance Bill is set to change the pension landscape drastically, over the coming months.

The changes affect those with PRSAs and RACs — or, to give them their full titles, Personal Retirement Savings Accounts, and Retirement Annuity Contracts.

More particularly, those approaching or over 75 years old with such funds, will be affected.