Spanner in the works? The impact of group life schemes on the lifetime allowance

*** AT A GLANCE *** Firms using registered group life schemes could alter employee tax position for pensions Excepted policies can provide alternatives but these schemes have disadvantages Employers and employees urged to take advice over this issue *** BODY *** A-Day pension reforms implemented on 6 April 2006 radically simplified the UK's pensions tax regime, merging eight tax regimes into one single regime for all individual and occupational pensions. But one often overlooked consequence of the reforms was that registered group life assurance policies were caught by ne...