Reducing the annual and lifetime allowances for pension saving: 2010 to 2015 changes
Resource type: Practice Note
Law stated as at 05-Apr-2015
England, Scotland, Wales
This note examines the government's measures enacted during the 2010 to 2015 Parliament to restrict the availability of tax relief on pension saving by reducing the annual and lifetime allowances. As well as looking at the circumstances in which an annual allowance charge or lifetime allowance charge would be triggered, the note highlights some key practical issues for trustees and employers.