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Introduction In the Coalition Government’s emergency Budget on 23 June 20101, the Chancellor, George Osborne, announced a review of the former Labour administration’s plans2 to restrict tax relief on pension savings for high earners....
Introduction In the Coalition Government’s first Budget, the Chancellor George Osborne declared Britain “open for business”. However, billed by the Treasury as a Budget to tackle the deficit and restore confidence in the economy,...
Introduction Prior to the FA04, exempt approved occupational pension schemes were required to keep any actuarial surplus within certain parameters. One of the ways in which surplus could be reduced was via a payment to the employer...
So, David Cameron is Prime Minister and the Conservatives have entered a coalition with the Liberal Democrats to form a Government. What does this mean for pensions policy? Summary Iain Duncan Smith is the new Secretary of State for Work...
Introduction In his last Budget before the General Election, the Chancellor, Alistair Darling, confirmed the Government’s intention to implement the restrictions on pensions tax relief first announced in the 2009 Budget In this Alert:...
Background HMRC and HMT published a consultation on 9 December 2009 on the proposal to restrict pensions tax relief for high earners from 6 April 2011 (the Consultation). From 2011, the Government’s intention is that tax relief on...
