Les Cameron: Tapered annual allowance - not high earners but high income

One of the hot topics for pension planners over the last year has been the introduction of what is commonly referred to as the ‘tapered annual allowance for high earners', which became effective on 6 April 2016. It is intended to restrict tax relief for high earners. The purpose betrays the complexity. It is not only high earners who can be impacted - those who have had no pension tax relief at all could be impacted too. Anyone thinking only clients with salaries over £150,000 are affected will need to consider again. High salaries, significant amounts of other income, good employer p...