The law on pension input periods should be changed to stop a clash with the upcoming tax allowance alterations, actuaries say.
Schemes who have nominated PIPs that clash with the tax year could end up with up to two years of members’ contributions rated against just one years’ tax allowance, which is set to fall to £50,000...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
