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Pension contributions: consultation

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The government is consulting on proposed changes to limit ‘unintended tax relief’ for employer ‘asset-backed’ contributions to defined benefit registered pension schemes.

As announced at Budget 2011, the aim is to ensure that the relief given to employers accurately reflects the value of the contributions received by pension schemes, while ‘preserving flexibility’ for employers and pension schemes in managing pension deficits.

Comments are invited by 16 August 2011.

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