Pension benefits for high earners: Impact of the recent budget

In a nutshell
Changes to the system for obtaining tax relief on pension conrtibutions, announced as part of last month's Budget, have the potential to seriously impact upon the amount of pension provision that can be made tax-effectively for senior executives and other high earners. Employers and trustees should be aware of the potentially far-reaching implications of the change in the law: although tax is ultimately a matter for the affected individual, the prospect of having a disgruntled senior member of staff is likely to be particularly unappealing to those involved with sponsoring or operating pension schemes.

Download (pdf)

Update supplied by Charles Russell LLP - www.charlesrussell.co.uk