Proposed Government changes to the pensions taxation regime

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Key proposals put forward in joint DSS-Inland Revenue consultation Contributions over £3,600 Proposa...

Key proposals put forward in joint DSS-Inland Revenue consultation Contributions over £3,600 Proposal: allow contributions into a stakeholder pension in excess of £3,600 per tax year by reference to the existing personal pension age and earnings related limits Contributions under £3,600 Proposal: no link with earnings is needed for stakeholder pension contributions up to £3,600 per tax year Payment of contributions by individuals Proposal: all contributions from individuals into stakeholder schemes should be paid to the provider net of basic rate tax with the pension provider reclaimi...

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