It's complicated: Advising on pension allowance cuts

PENSIONS

Jenna Towler
clock

The lifetime allowance is being cut to £1.25m next year but, as Jenna Towler discovers, it is the interference with the annual allowance that's the real ‘advice point'.

The maximum amount savers can put into a pension scheme, before being hit with, in one adviser's words, "the hideous tax charge of 55%", is coming down from £1.5m to £1.25m in April next year. The government...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login