Finance Bill confirms retrospective MPAA reduction

To take effect from April

Victoria McKeever
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Finance Bill confirms retrospective MPAA reduction

The government has confirmed it will implement the reduction of the money purchase annual allowance (MPAA), originally due to take effect in April, retrospectively.

In the second version of the 2017 Finance Bill, out on Friday, the Treasury said savers who have accessed their pension will see their annual tax-free allowance cut from £10,000 to £4,000 for the 2...

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