Pensions planning

Briefing notes that take a look at various pension topics that can affect individuals, with focus on the issues in pre-retirement and accumulation, at retirement and decumulation and around pension death benefits.

Pension contributions and tax relief

Pension contributions and tax relief

  • Tax relief on member contributions
  • Tax relief on employer contributions
  • Using pension contributions to:
    • Reclaim part/all the personal allowance
    • Reduce/cancel the High income child benefit tax charge
    • Mitigate tax on onshore bonds
    • Reduce CGT on gains

Annual allowances

  • Annual allowance
  • Money purchase annual allowance
  • Tapered annual allowance
  • Carry forward

Lifetime allowances and transitional protection

  • Fixed Protection 2016 & Individual Protection 2016
  • Transitional protections
  • Lifetime allowance and BCEs

Retirement options – lump sum benefits

  • UFPLS
  • Small lump sum payments

Retirement options – income benefits

  • Flexi-access drawdown
  • Fixed term annuities vs UFPLS

Death benefits

  • Death benefits – DC schemes
  • Pension contributions and estate planning
The ican team produce briefing notes on a variety of topics to help explain and simplify some of the key areas of financial planning such as tax and estate planning, pension planning and investments.


Estate planning and trusts
Tax and investments
Pensions planning

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Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.