The Government is to give all pensions, apart from defined benefit schemes, the opportunity to be in...
The Government is to give all pensions, apart from defined benefit schemes, the opportunity to be in a single tax regime The move is designed to cut complexity in pensions administration and make it easier and cheaper for providers to produce a stakeholder product at a low charge All pensions will be in the new tax regime with the exception of occupational money purchase, which have the option to switch, and final salary. For the moment these remain outside the tax regime, although the Government is open to suggestion on how to allow them in. Everyone will be able to contribute up to £3,6...
To continue reading this article...
Join Professional Adviser for free
- 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