Bookmark Us

Lisa Webster: Softening the annual allowance blow

Rate this item
(2 votes)
Lisa Webster, Technical resources consultant at AJ Bell Lisa Webster, Technical resources consultant at AJ Bell
It seems a long time since we had an annual allowance (AA) of £255,000. These days most pension savers are restricted to £40,000, but the money purchase annual allowance (MPAA) and the horribly complex tapered annual allowance (TAA) impose significant further restrictions for many. HMRC’s pension contribution statistics for 2016-17 tax year give us the first indication of the impact of the tapered annual allowance, and it’s not pretty.
Read 3416 times Last modified on Tuesday, 02 April 2019 10:32