Pensions ‘in-depth’: tax relief and annual allowances
Paul Kennedy and Paul Squirrell, our tax and pension experts, take an in-depth look at the law and mechanisms underpinning tax relief on pension contributions and matters relating to annual allowances, tapered annual allowance and the annual allowance tax charge.
A detailed discussion
Here, in the one hour-long video, they discuss some of the intricacies that can arise under pension laws. Below you'll find extracts of their conversation if you wish to jump to a specific area.
Specific areas covered in the discussion
The annual allowance
Money Purchase Annual Allowance
Annual allowance tax charges
Supporting annual allowance and tax relief calculations – ‘at a glance guide’
Amongst its many uses, the Pension Summary Report contains helpful summary information to assist your calculations and other processes associated with tax relief and annual allowances.Download now
Tapered annual allowance
Here we look at who might be affected, what constitutes ‘adjusted’ and ‘threshold’ income, how to assess the impact for clients and the planning implications for pension saving.Download now
The annual allowance charge - Scheme Pays
Paul Squirrell provides a step-by-step approach to calculating clients’ annual allowance charges. He also explains the two types of Scheme Pays, mandatory and voluntary and the process and deadlines for Voluntary Scheme Payments available with our Pension.Download now