Anyone without primary or enhanced protection can apply for the new fixed protection. Individuals are only likely to need fixed protection if they think that their benefits from all registered pension schemes will be more than £1.5 million when they take their benefits. With fixed protection there are restrictions on further benefit
accrual after 5 April 2012.
Showing posts with label lifetime allowance. Show all posts
Showing posts with label lifetime allowance. Show all posts
Monday, 23 May 2011
Thursday, 14 October 2010
Tax allowable pension contributions reduced from April 2011
From April 2011 the limits on tax allowable pension contributions will reduce from £255k to £50k. From 2013 the lifetime allowance will reduce from £1.8m to £1.5m. Hopefully, the Treasury will publish the details behind their proposals shortly.
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