Tag: Tax

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Spring Budget 2023 – the AA set to rise and the LTA to be swept away

Introduction Rumours of changes to pensions tax were rife in the run-up to this year’s Spring Budget, and many were on the money. Aiming to help ensure that “high skilled individuals such as NHS clinicians are not disincentivised from...

Increasing the normal minimum pension age for Pensions Tax

Background In July, HMRC published a consultation on draft clauses for the Finance Bill 2021-22, including provisions which will increase normal minimum pension age (“NMPA”) for pensions tax purposes from age 55 to 57. This is designed...

Increasing the NMPA

Introduction On 20 July 2021, the Government published a consultation on draft clauses for the Finance Bill 2021-22. Among these are clauses which will increase the normal minimum pension age (“NMPA”) for the purposes of pensions tax....

PASA publishes GMP equalisation tax guidance

Introduction The latest addition to PASA’s suite of GMP equalisation guidance notes was published yesterday, the highly anticipated tax guidance (“the Guidance”). Click here for a PDF of this Alert. In this Alert Key points...