Most of the pension related headlines following the pre-budget report (PBR) surrounded the freezing of the annual and lifetime allowances. However, beneath the surface, there were a number of other changes which have an indirect impact on pension provision. Some of these aren't necessarily straightforward, but give an ideal opportunity for advisers to show the need for, and usefulness of, financial advice. The ability to temporarily carry back losses for up to three years could prove helpful in unlocking tax already paid on previous profits. Under current rules, businesses can carry back ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes