Time running out to manage tax changes

As many of us enjoy the August break, only the most organised pension scheme members will be spending their time on the beach considering their tax return or pondering the annual allowance, which restricts the amount of tax-relieved pension savings that can be made each year.

However, many higher earners need to take action now; otherwise they may need to meet any annual allowance tax charge out of their non-retirement savings rather than through their pension scheme. This means that those responsible for pension schemes should have the annual allowance at the top of their current agenda.

For the full blog post, click here.