Pensions Tax Relief Pared Back Once Again

    View Authors December 2012

    Squire Sanders is disappointed to note that the UK Government is yet again meddling with pensions tax relief. In today’s Autumn statement, George Osborne announced that the Annual Allowance will reduce from £50,000 to £40,000 from April 2014 and the Lifetime Allowance will reduce from £1.5 million to £1.25 million.

    For further information please contact any of the partners listed or your usual contact in the Squire Sanders pensions team.