Confusion around annual allowance taper could 'cost savers thousands'

clock • 2 min read

Pension savers may miss out on thousands of pounds in tax relief due to confusion around the annual allowance taper rules implemented earlier this month.

A tax relief cut for high earners, in the form of the annual tapered allowance, was announced in the summer Budget 2015 and came into force on April 6 this year despite consternation from the indus...

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 Law and Regulation

Ros Altmann sets out potential pension reforms ahead of Budget

Ros Altmann sets out potential pension reforms ahead of Budget

Former pensions minister sets out 12 potential reforms and recommendations

Jasmine Urquhart
clock 13 October 2025 • 3 min read
FRC to develop technical guidance for actuaries after Virgin Media amendments

FRC to develop technical guidance for actuaries after Virgin Media amendments

Watchdog says guidance will support actuaries working with affected pension schemes

Jonathan Stapleton
clock 10 October 2025 • 1 min read
SPP raises concern to House of Lords committee on pensions IHT

SPP raises concern to House of Lords committee on pensions IHT

Group supports decision to remove pension admin responsibility for reporting

Jasmine Urquhart
clock 07 October 2025 • 1 min read
Trustpilot