The maximum pension that can be purchased while staying within HM Revenue & Customs (HMRC) tax relief limits has been cut by two-thirds over the last decade.
This was one of the main conclusions of a Royal London policy paper - Pensions Tax Relief: ‘Time to end the Salami Slicing'. The paper also estimated some 100,000 people are now covered by complex transitional...
Partner Insight Video: Advisers have had to adapt to the changing investment landscape.
Investment trust savings scheme