top of page
Pensions
We set out the tax reliefs available to members of a Personal Pension scheme.
Areas included are;
Types of pension schemes
What are the tax breaks and controls on the tax breaks?
Key features of money purchase pensions
Relief for individuals' contributions
Methods of giving tax relief
The annual allowance
Lower annual allowance for those with ‘adjusted income’ over £240,000
The rate of charge if annual allowance is exceeded
Carry forward of unused annual allowance
The lifetime limit
Accessing your pension - freedom
Flexi access accounts and lump sums
Money Purchase Annual Allowance (MPAA)
bottom of page