John Watson and John Sabel of Ashurst Morris Crisp respond to the Inland Revenue consultative document with a proposal for an alternative and fairer approach to the pensions cap
Perhaps it should not surprise us at all. That proposals for pension reform whose title begins with the word 'simplifying' would make the position more complex is what those with experience of the subject would expect. After all it is one thing to cut the gordian knot but another to put the string into a coherent new form.
The main fly in the ointment of the Treasury's consultative paper on the reform of pension schemes is the proposed £1.4 million cap on total benefits. This together with a £200 000 per annum limit on contributions would replace the constraints...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
John Watson and John Sabel of Ashurst Morris Crisp respond to the Inland Revenue consultative document with a proposal for an alternative and fairer approach to the pensions cap
Perhaps it should not surprise us at all. That proposals for pension reform whose title begins with the word 'simplifying' would make the position more complex is what those with experience of the subject would expect. After all it is one thing to cut the gordian knot but another to put the string into a coherent new form.
The main fly in the ointment of the Treasury's consultative paper on the reform of pension schemes is the proposed £1.4 million cap on total benefits. This together with a £200 000 per annum limit on contributions would replace the constraints...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
