UK - Unilever co-chairman Niall FitzGerald has accrued a pension of £11.7m - the largest transfer value revealed under new remuneration report regulations imposed this month.
FitzGerald has worked for the company for 27 years. Changes proposed in the Green Paper would see transfer values above £1.4m subjected to 60% tax – currently, higher rate taxpayers pay 40% tax ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date