This page contains a Flash digital edition of a book.
QUICKWISDOM


Pension tax relief to fall for high earners


As promised in the Conservative Manifesto the amount people with an income of more than £150,000 can pay tax-free into a pension will be reduced.


Currently people can contribute up to £40,000 a year to their pension tax- free. From April 2016, this amount will be reduced for individuals with incomes of over £150,000, including pension contributions.


23 www.oldmillgroup.co.uk


There was the fear that this would be imposed immediately but the date of change offers a window of opportunity for those affected to make a larger contribution. Speak to your usual contact if you want advice or visit our website for a factsheet.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32