Annual Allowance survey

Published by Bhargaw Buddhdev on

High earners could find themselves footing large tax bills when a series of changes to pensions tax relief are implemented in April 2016.

Our survey looks at how companies are gearing up to assist their high earners mitigate the impact of the tapered AA and the reduced Lifetime Allowance (LTA) from 6 April 2016.

We look at what changes or options businesses are considering, if any, to their remuneration and pension policy to assist their senior staff, whether they are likely to offer cash in lieu of pension contributions or restrict future contributions to £10,000 with the balance paid as a cash supplement.