Forestalling or Forewarning?

But as well as wiping away the tax advantages for almost 300,000 people in this category, the recent updates to anti-forestalling measures are surely edging on the draconian. Like many wealth management IFAs, the recent revelation that HMRC's new draft tax codes would provide even further restrictions was certainly not the best way to kick off the summer months. Based on these, it now appears that 'wealthy individuals' who switch pension provider will be limited to just £20,000 in tax free contributions, regardless of payment history - and to add further confusion, it appears this also ...