Tax changes make companies consider closing DB schemes

Michael Klimes
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Companies with defined benefit (DB) schemes are considering closing them due to changes in tax allowances made in the 2015 Budget according to research from PwC.

Higher earners will see the amount they can save over their working life before they lose tax relief on contributions cut from £1.25m to £1m from April 2016. The annual allowance will also be cu...

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