IFAs could gain from workplace advice incentive

In his eight Budget since Labour came to power in 1997, Gordon Brown has decided to remove the benefit in kind charge, which currently forces employer to pay tax each time they offer pensions advice to their workforce. The change, which will allow employers to offer each and all of their employees tax free advice of up to £150 per annum, is part of the government's strategy to encourage more people to save for their retirement. Almost hidden away in the Budget document, the new legislation reads: "To support employers who help their employees through these decisions, the Government w...