Three weeks leaves 'no time' for trustees to explain £90,000 taper raise

Hope William-Smith
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There is too little time to explain tapered annual allowance changes to members
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There is too little time to explain tapered annual allowance changes to members

The government has left pension schemes with insufficient time to prepare members for changes to tapered annual allowance thresholds, due to come into effect from 6 April.

Chancellor Rishi Sunak announced the planned changes in yesterday's Budget, confirming the taper - which currently reduces the annual allowance by £1 for every £2 earned over £110,000 - would rise to £200,...

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