Scrapping the lifetime allowance (LTA) for pension contributions may be great news for the industry, writes Richard Mattison, but her urges advisers to avoid defined benefit small self administered scheme (SSAS) to sleep well at night...
A letter to the editor of The Times earlier this month (Tuesday 21 March) hits the nail on the head. Mr Roberts, from Cheshire, believes that "personal pension rules have been bedevilled by changes for many years, included by those made by the same governing party". He adds: "What is needed is an easily understandable system that is not likely to change, otherwise why should anyone put money into a pension when the outcome can be changed by the whim of the latest government." Government policy is more muddled than ever when it comes to tax, investment and pension provision. Financia...
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