Govt reinstates controversial MPAA cut from April 2017

clock • 2 min read

The reduction in the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 per year will apply retrospectively from April 2017, after the Treasury confirmed plans to reintroduce tax relief cuts from that date.

The cut was first announced in the chancellor's March Budget, but was then dropped from the Finance Bill when the General Election was called, leading to critics urging the government to delay it u...

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