LATEST PENSION CHANGES DECEMBER 2010
We summarise below key features of the Government’s proposed changes to the UK pensions tax regime, as set out in draft clauses of Finance Bill 2011, published on December 9th 2010 – and which will affect you!
We have identified the areas which will be affected by the proposed changes as set out below.
1. Maximum tax relieved pension contributions from 6th April 2011
2. Maximum Benefits after 6th April 2011 including:
a) The Standard Lifetime Allowance after 6th April 2012
b) Pensions after 6th April 2011
c) Death Benefits after 6th April 2011
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