Market leading insight for tax experts
View online issue

Pension Trouble For Top Earners

 
From April 2004 the proposed pension reform will hit certain top earners with a tax charge of 60% to the extent the value of their pension exceeds a given figure. Maurice Parry-Wingfield Tax Director Deloitte & Touche argues that these and other limitations together with inadequate 'grandfathering' of existing schemes operate unfairly for such people. Time is beginning to run out for responses to the consultative document due in a month's time
 
In December the Treasury and Revenue jointly published a consultative document (the Condoc) on pension reform headed 'Simplifying the taxation of pensions: increasing choice and flexibility for all' (http://www.inlandrevenue.gov.uk/consult_new/pensions_consult.htm). In it a large number of proposals are made and questions asked. I just want to concentrate on one aspect: how it affects the...

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:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
EDITOR'S PICKstar
Top