Annual and Lifetime Allowances - seven steps to success

Published by Bhargaw Buddhdev on

Employers seeking to attract and retain the very best talent are aware that pension provision is a significant part of an individuals remuneration package. However, considerable changes to pension taxation in recent years will heavily impact high earners.

This briefing note details these changes and highlights the seven stage process that employers should follow to avoid unnecessary pension taxation issues:

  1. Set out corporate goals
  2. Understanding your requirements
  3. Create a plan of action
  4. Communication plan
  5. Encourage understanding of changes
  6. Seminars for senior staff
  7. Specific meetings and reviews for individuals