Tax Issues in Pensions

Our tax issues in pensions course leader are a Chartered Accountant who qualified with PwC in 1988, spending his last 18 months there in the Tax department. In 1989 he joined a leading financial training company as a tax tutor. Since 1992, he has been self-employed as a Professional Tutor and Training Consultant, specialising in tax update courses for accountants, lawyers and investment managers.

Our trainer has been teaching in the financial services industry since 1994 and writes regularly for Tax Insider, as well as speaking at conferences of bodies such as the ICAEW and CIOT.

The aims of tax issues in pensions training are:

• To understand the types of pension schemes available
• To understand the tax relief available for both companies and individuals
• To appreciate when tax relief is restricted
• To be aware of the options when taking benefits and to understand the associated tax consequences
• To understand the implications arising from the abolition of the Lifetime Allowance charge, announced in the March 2023 Budget
• To be aware of the main pensions tax issues to consider when retiring abroad

• At Redcliffe Training our tax issues in pensions course covers all the key aspects of the tax rules for pensions
• Several numerical examples are included to help delegates understand the impact of the rules
• The trainer is a Chartered Accountant who has over 35 years’ experience in tax training and also has taught courses leading to qualifications of bodies such as the CII.

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.

The abolition of the LTA charge for 2023/24 has also changed the tax landscape for those with large pension pots.

Tax issues in pensions training at Redcliffe explains 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.