Eye watering rules affect pension contributions by the wealthy | AccountingWEB

Eye watering rules affect pension contributions by the wealthy

As a consequence of the planned restriction of tax relief on pension contributions by those earning more than £150,000 from 2011, the Government has also brought in “anti forestalling” measures from Budget day.

These rules are intended to prevent those affected by the restriction in 2011/12 paying very large sums into their pensions between now and April 2001 to benefit from extra tax relief.


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Public sector

AnonymousUser | | Permalink

I wonder if the 171 civil servants who earn more than this amount will have their pensions capped?


And they enjoy rather more security of job and salary than many of those in the private sector or in professional practices who earn 150k +.

Complexity and confusion

Anonymous | | Permalink

I used to understand the rules about pension contributions and tax relief - I'm glad I'm now retired! What happened to "pension simplification"? My best wishes to all those struggling with this latest example of needless complexity. A similar result could be achieved by far simpler, if less politically motivated, means.