Taxing risk sharing

Jack Jones looks at the unexpected impact risk sharing and transfer exercises can have on members’ tax bills

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Tax and pensions are inextricably linked. Deferred tax is one of the biggest incentives to save into a pension, and hints that the lifetime or annual allowances could be cut never fail to provoke anger from the industry.

But the restraints imposed on schemes to ensure savers get those tax reliefs in the first place could have a bigger impact on scheme designs than any changes to the size of either allowance. Consul...

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