HM Revenue & Customs will go out to consultation on amendments to A-Day regulations that threaten members' tax free cash on wind-up for the second time, PP has learned.
Rules introduced in April 2006 prevented occupational scheme members from accruing a taxfree cash entitlement in excess of 25% of the value of their funds. But an anomaly in the regulations mean...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
