This tax year end brings a unique use it or lose it opportunity with 5 April 2009 being the final date to apply for primary or enhanced protection. With HM Revenue and Customs recently confirming many forms are being submitted incorrectly, time is running out to help those high net worth individuals who still need to protect their large pension benefits. The introduction of the lifetime allowance from April 2006 (A-Day) means high earners face the prospect of a 55% tax charge applying to some of their benefits. By applying for enhanced protection, primary protection or both, that tax bill...
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