Will pension freedom fuel BTL boom?

In the Budget George Osborne promised radical pension changes from 2015 that will allow people with accumulated pension funds to withdraw as much as they like from them at any time after age 55.

The Guardian raised the possibility that many people might prefer to withdraw money and invest in property rather than holding what they perceive as more risky stock market investments. Full details of the proposals for change in 2015 will not be known until the end of the year. It must also be born in mind that , apart from the allowable tax free cash from a pension , any amount withdrawn will be subject to income tax so the amount available to invest in the buy to let property would be initially diminished by tax possibly at up to 40/45%.