Property News · November 7, 2015

Public sector professionals under threat from pension tax relief changes


The chancellor’s autumn statement could lead to the slashing of pension tax relief, while in April new rules will hit higher earners such as dentists and doctorsPublic sector professionals such as doctors, senior civil servants and university professors in line for pensions worth more than £43,000 a year face a steep increase in tax bills in 2016, with financial advisers encouraging high earners to protect themselves now.In the March 2015 budget, George Osborne cut the maximum anyone can save into a pension over their working life and still obtain tax relief from £1.25m to £1m, taking effect in April 2016. Continue reading…

Source : theguardian.com
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