Pension limits: How ISAs, MIPs and VCTs can help your clients

Treasury estimates suggest an annual allowance of £50,000 will affect 100,000 pension savers, but it says any unused annual allowance in one tax year can be carried forward to the following three tax years. Additionally, to protect individuals who exceed the annual allowance due to a one-off "spike" in accrual, the government will allow individuals to offset this against unused allowance from previous years. Legal & General (L&G) says the rule changes, to be introduced in April next year, present advisers with the opportunity to discuss with clients alternative routes for retirement p...