Schemes could face an unexpected funding hit when the transitional Inland Revenue earnings cap installed on A-Day expires next year, a lawyer warns.
The issue relates to the £108,600 earnings limit – the point over and above which final salary members no longer receive contributions from their employer. On 6 April 2006, HM Revenue & Customs ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date