Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Tax tinkering

05 March 2013 / Anne Redston
Issue: 4393 / Categories: Comment & Analysis , Investments , Pensions

The government provides valuable reliefs for pension premiums, but complications can arise

To get actionable insight and practical guidance to support you day-to-day on 'Tax relief for pension contributions' click here.

---

KEY POINTS

  • Pension contributions attract additional relief for those at the highest marginal rates.
  • National Insurance savings are available when contributions are paid by employers.
  • Care is required to avoid the “cap trap”.
  • Calculating the annual allowance for those in defined benefit schemes.
  • Fixed protection enhanced protection and the lifetime allowance.

Just over a decade ago in December 2002 the government published a consultation document called Simplifying the Taxation of Pensions: Increasing Choice and Flexibility for all. It began “Pension planning has been an incomprehensible maze… the complexity of the...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon