New tax regulations to boost company pension take-up

Under exemption regulations announced in this year's Budget, employers will for the first time be able to provide employees with access to pensions advice without paying a tax fee. This will apply to cases where the benefit is generally available to all employees and below a limit of £150 for each employee yearly. If higher than £150, a tax charge will apply to the entire amount, while further advice on investment, and tax or on leisure and legal matters will not be covered. Where an employer pays outside consultancy fees for seminars or for one-to-one sessions on financial advice f...