Pensions Winter Hot Topics

    View Authors Winter 2010 - 2011

    1. TAXING TIMES

    The Lifetime Allowance will reduce from £1.8m to £1.5m as from 6 April 2012. Individuals can apply for fixed protection to benefit from the higher LTA but will not then be able to make further savings into registered pension schemes. The Government is introducing anti-avoidance legislation and has also issued a discussion document on “Scheme Pays” – the payment of members’ Annual Allowance tax charges by pension schemes.