Annual allowance limit sees explosion in alternative rules

clock

Annual allowance changes are forcing schemes to offer non-pensionable cash supplements and slower accrual rates to stop employees breaching the £50,000 limit on pension contributions.

Defined contribution schemes are increasingly offering cash in lieu of pension contributions above £50,000, with defined benefit schemes slowing accruals to bring them under the limit, a tax expert...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

ICSWG publishes updated climate competency guide

ICSWG publishes updated climate competency guide

Group says updated guide recognises the role investment consultants have to support asset owners

Martin Richmond
clock 07 April 2026 • 3 min read
PIC-led coalition sets out roadmap to unlock England's social housing delivery

PIC-led coalition sets out roadmap to unlock England's social housing delivery

Report sets out practical steps to help government meet affordable homes goal

Jonathan Stapleton
clock 07 April 2026 • 2 min read
Pension funds invest in British Growth Partnership Fund as it achieves £200m first close

Pension funds invest in British Growth Partnership Fund as it achieves £200m first close

British Business Bank says this a ‘major’ step forward to mobilise pension fund investment into venture capital

Martin Richmond
clock 01 April 2026 • 4 min read
Trustpilot