Members retiring on incapacity grounds could face a hefty tax bill if they fall into a gap between scheme rules and new exemptions from the annual allowance test, a lawyer warns.
Allen & Overy senior professional support lawyer Helen Powell (pictured) said an increase in income through enhanced incapacity pension could drag members over the £50,000 threshold and trigger a t...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
