Annual allowance: overview | Practical Law

Annual allowance: overview | Practical Law

An overview of the legislation regarding the annual allowance for pension saving in a registered pension scheme in the UK. As well as looking at the main provisions governing the annual allowance, the note highlights the money purchase annual allowance regime that is triggered when a member of a defined contribution (DC) arrangement who has flexibly accessed their pension savings makes further contributions exceeding £10,000.

Annual allowance: overview

Practical Law UK Practice Note Overview 7-582-2725 (Approx. 31 pages)

Annual allowance: overview

MaintainedUnited Kingdom
An overview of the legislation regarding the annual allowance for pension saving in a registered pension scheme in the UK. As well as looking at the main provisions governing the annual allowance, the note highlights the money purchase annual allowance regime that is triggered when a member of a defined contribution (DC) arrangement who has flexibly accessed their pension savings makes further contributions exceeding £10,000.