Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

More pension tweaks

17 November 2015 / John Woolley
Issue: 4527 / Categories: Comment & Analysis

Latest changes to the pension contributions annual allowance.

  • A phased reduction in the annual allowance when two thresholds are crossed.
  • Provisions to prevent income shift ing.
  • Anti-avoidance and forestalling rules in FA 2004 s 228ZB.
  • Pension input periods alignment increases restrictions.
  • Maximise pension contributions in 2015/16 but remember the lifetime allowance.

The July budget contained the following important changes to the pension tax rules. The reduction in the lifetime allowance and an easing of death benefit taxation were trailed in March but failed to make the first Finance Bill of the year. The restriction on contribution tax relief for high earners first appeared in the Conservative’s election manifesto and the revision to the arcane rules for pension input periods was a July surprise.

In this article I look...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon