Pension funds could face thousands of pounds in administration costs due to new laws designed to take the sting out pension tax saving changes, PwC warns.
The consultant said legislation allowing schemes to pay most of a member's tax bill and lessen the impact of the planned reduction in annual allowance from £255,000 to £50,000 could cost employers ...
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
