Tax relief on member contributions
A review of the criteria to make personal contributions, the different methods for attracting tax relief and some tax planning opportunities using pension contributions.
A look at the features and rules around Flexi-Access Drawdown.
Flexi-access drawdown replaced both capped and flexible drawdown from 5 April 2015, although capped drawdown plans are still available to house existing capped drawdown monies.
A review of the criteria to make personal contributions, the different methods for attracting tax relief and some tax planning opportunities using pension contributions.
A look at how carry forward of unused allowances operates.
A look at what the tapered annual allowance is, how it operates and how it impacts on an individual’s annual allowance.
This document is based on Canada Life’s understandings of applicable legislation, law and current HM Revenue & Customs practice as at December 2023. It is provided solely for general consideration. The information regarding taxation is based on our understanding of current legislation, which may be altered and depends upon the individual financial circumstances of the investor. We recommend that investors take their own professional tax advice.
Promotion approved 21/12/23