Tax Issues in Pensions

• To understand the types of pension schemes available
• To understand the tax relief available for both companies and individuals
• To appreciate when pension 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 pension Lifetime Allowance charge, announced in the March 2023 Budget
• To be aware of the main pensions tax issues to consider when retiring abroad

Our tax issues in pensions online course trainer is 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.

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.