Members retiring on incapacity grounds could face a hefty tax bill if they fall into a gap between scheme rules and new exemptions from the annual allowance test, a lawyer warns.
Allen & Overy senior professional support lawyer Helen Powell (pictured) said an increase in income through enhanced incapacity pension could drag members over the £50,000 threshold and trigger a t...
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