What’s In Store For Pensions?
With the tax-payer already squeezed, experts are warning pension holders that they might be in line for some amending of pension rules in order to raise additional tax revenue come next month’s Budget. Whilst the Lifetime Allowance will already reduce to £1.5million from its present £1.8million in April, the Exchequer may also look to trim […]
To Fix Or Not To Fix?
Those with significant pension assets should take action in advance of the changes in pension legislation coming into effect from 6 April 2012. Under existing rules, those with accumulated pension benefits in excess of the Lifetime Allowance (LTA) of £1.8 million currently face a potential tax charge of up to 55%. Changes announced in last […]
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