The role of QNUPS and retirement planning

Employee benefits advisers and human resources departments are facing a challenge in the form of remuneration for top executives. Previously, benefits packages could provide generous pension provisions, allowing senior and valued employees to reduce their income tax bills and receive considerable tax relief by paying substantial amounts into their pensions. However, the introduction of a £50,000 cap on the amount of tax-relieved funds that can be paid into a pension, coupled with a reduction in the lifetime pension allowance, means retirement planning for these individuals is now cons...