High Earners & Contributors: Survival Guide
10 September 2012
Update: September 2012 We are now producing additional survival guides on some of the more technical aspects of the new taxation regime. If you would like to see any of these notes, please contact
Sarah Tolson for a copy.
14: Multiple Normal Pension Ages and the annual allowance
13: Scheme pays in the year of retirement
12: How deferred members may be caught by the annual allowance charge
11: Using pension benefits to pay the annual allowance charge: scheme pays in practice10: HMRC provides further detail on fixed protection9: HMRC revises its interpretation of the carry-forward rules Further notes will cover topics such as on the ‘carve-out’ from the annual allowance for deferred members, the valuation of benefits for the purpose of the annual allowance and the new ‘scheme pays’ provisions.
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In the 2009 Budget, the Government announced fundamental changes to the way that pensions will be taxed from 2011 for high earners and introduced immediate measures designed to prevent individuals increasing their pension savings in anticipation of these changes.
These changes will affect not just high earning individuals but also companies, trustees and pensions managers. At the Punter Southall Group, we can draw on a range of expertise to enable us to provide advice to all of these parties. We can ensure that:
- companies have the right remuneration strategy in place for their key staff;
- individuals make the right decisions on their pension based on their circumstances; and
- trustees can implement the new information and administration requirements effectively.
We are now launching our “High Earners & Contributors: Survival Guide”. Through a series of straightforward and focused briefing notes, we will help you to develop an understanding of the changes ahead and keep you up to date with developments as they occur.
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