The tax rules for pensions have changed several times in recent years, particularly concerning the amount of tax-relieved annual pension inputs permitted and the maximum pension rights that can be built up before retirement. The Taxation of Pensions Act 2014 greatly increased the options when accessing benefits from money purchase schemes. This new flexibility also produced various new complications and traps of which advisors should be aware.
This tax issues in pensions webinar will explain all the key issues associated with the taxation of pensions and, with the aid of numerical examples, demonstrate their practical impact. No previous tax knowledge will be assumed.