HMRC launches consultation on GMP conversion tax changes

The body said regulations would apply from the 2027/28 tax year

Holly Roach
clock • 2 min read
HMRC launches consultation on GMP conversion tax changes

HM Revenue & Customs (HMRC) has launched a consultation on GMP conversion provisions, outlining draft regulations to address the pensions tax issue.

The technical consultation seeks views on draft secondary legislation amending the Finance Act 2004 for calculating pension input amounts, maintaining existing annual allowance protections followin...

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