Annual Allowance

Consumers will save an extra £1bn in pension tax relief this year as more join workplace schemes, according to research from Prudential and unbiased.co.uk.

Companies with defined benefit (DB) schemes are considering closing them due to changes in tax allowances made in the 2015 Budget according to research from PwC.

The Finance Act 2015 has been published - confirming changes to pension input periods and annual allowances.

The biggest stories on PP this week included political controversy surrounding the pensions minister, annual allowance charges and planned changes at the Pensions Ombudsman.

Annual allowance reductions mean more people will incur tax charges but how many members know this? Helen Morrissey looks at what schemes should do to help members meet their responsibilities.

On 29 July Professional Pensions held a webinar on the recent transitional changes to pension input periods.

PP is holding a live webinar on 29 July

Helen Morrissey has concerns that current changes to the annual allowance could undermine scheme saving.

HMRC has announced transitional arrangements to align pension input periods with tax years

A list of the key pension announcements in the summer Budget