With only 30 days to go to the Chancellor’s Budget announcement, will there be any changes to pension tax relief? We are uncertain but do know that to take advantage of the opportunities created by the July 2015 Budget, higher and additional rate taxpayers should consider their funding position before 16th March 2016 to make the most of current tax relief benefits.
A recent article in the financial industry press highlighted the potential impact of reduced, flat-rate tax relief. There are around 4 million higher and additional rate taxpayers in the UK potentially set to lose tax relief benefits, so their need for advice is urgent.
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