Five tax changes coming in tomorrow

clock

Tomorrow marks the start of the tax year, and it also marks the day a number of pieces of pensions legislation come into force.

It follow's Monday's green paper revealing details of the £140 single-tier state pension. Pension changes effective from 6 Apr: 1). Pension contribution cap for many high earners rises from £20k to £50k However high earners can use ‘carry forward' to pay in up to £200k Like this year up to 50% tax relief is available on pension contributions (60% for some) Higher National Insurance rates make salary sacrifice more attractive 2). Tomorrow marks the 10th anniversary of the universal £3,600 pension allowance (for non-earning spouses and children), but it has never been incre...

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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read
Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read