DB sponsors could defer contributions for higher tax relief under Budget measures

Hope William-Smith
clock • 1 min read

Changes to corporation tax announced in the Spring Budget could see defined benefit (DB) scheme sponsors defer contributions in favour of tax relief, according to Barnett Waddingham.

Yesterday's (3 March) Budget saw chancellor Rishi Sunak confirm that corporation tax will rise from 19% to 25% from 2023, while personal tax thresholds will be frozen. Only firms with profits ov...

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