This note provides draft guidance on the transitional rules, applying from 8 July 2015, to align pension input periods with the tax year by April 2016.
This note provides draft guidance on the transitional rules, applying from 8 July 2015, to align pension input periods with the tax year by April 2016. These transitional rules prepare for tapering of the annual allowance from April 2016 when the annual allowance will be reduced by £1 for every £2 of income over £150,000 with a maximum reduction of £30,000. See www.bit.ly/1eI6TkV.
This note provides draft guidance on the transitional rules, applying from 8 July 2015, to align pension input periods with the tax year by April 2016.
This note provides draft guidance on the transitional rules, applying from 8 July 2015, to align pension input periods with the tax year by April 2016. These transitional rules prepare for tapering of the annual allowance from April 2016 when the annual allowance will be reduced by £1 for every £2 of income over £150,000 with a maximum reduction of £30,000. See www.bit.ly/1eI6TkV.
