Most tax reforms can cause significant cost for employers, s

Most tax reforms can cause significant cost for employers, schemes, PLSA warns


By IPE Staff2021-02-25T12:02:00+00:00
The Pensions & Lifetime Savings Association (PLSA) has warned that major reforms to the UK’s pension taxation system can see employers and pension funds take on substantial costs.
Over the last year, there has been speculation that the government plans to reduce the level of fiscal support for pension saving with changes ranging from removing higher rate income tax relief, reducing the annual or lifetime allowance, introducing a flat rate of tax relief for all savers of 25% or 30%, or overhauling the system so that all pension contributions are taxed at a person’s full marginal income tax rate upfront – known as TEE.

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United Kingdom , , Pensions Lifetime Savings Association , Pensions Policy Institute , Lifetime Savings Association , Pension Taxation , Five Principles , ஒன்றுபட்டது கிஂக்டம் , ஓய்வூதியங்கள் வாழ்நாள் சேமிப்பு சங்கம் , ஓய்வூதியங்கள் பாலிஸீ நிறுவனம் , வாழ்நாள் சேமிப்பு சங்கம் , ஓய்வூதியம் வரிவிதிப்பு , ஐந்து ப்ரிந்ஸிபல்ஸ் ,

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