Lifetime and annual allowance changes become law as Finance Act 2011 reaches statute book

Jenna Towler
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Legislation curtailing the annual allowance and lifetime allowance for tax-efficient pension saving attained Royal Assent yesterday.

The Finance Act 2011 contains a radical shake-up of the system of allowances, which were originally introduced in April 2006 as part of pension simplification. While the Act received Royal Assen...

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