15 Mar 2017

Whitepaper: Pension simplification to pension complication

Since April 2016 high earners have faced severe limits on their accumulation of tax-free pension savings. Punter Southall Aspire gathered HR and pension specialists from leading financial services firms for a roundtable on this and other pressing pension issues.

Pension simplification to pension complication 1

The whitepaper discusses:

How employers are tackling and communicating the reduced lifetime allowance, which now stands at £1 million, some 45% lower than its peak, and the annual allowance, which is now £40,000 – 84% lower than its highest point in 2010.
Whether financial education is being used to communicate this change and how this is being delivered.
What employers feel is their responsibility. Is this a personal tax issue or one that they should be acting on?
What the wider implications are for how businesses handle pensions.