OMW adds feature to settle annual allowance breaches
For any pension scheme
“As such, providers need to come to the fore with innovative solutions that make it easier to pay for tax charges many are unaware they have triggered" - Quilter's Ian Browne.
Quilter's adviser platform Old Mutual Wealth (OMW) has added a voluntary 'scheme pays' feature to its personal pension the Collective Retirement Account (CRA).
OMW said that, with the new feature, clients will be able to use their personal pensions to pay their annual allowance tax charge. It will also allow them to settle annual allowance tax charges for any...
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