It’s that time of the year again when Annual Allowance statements are issued to members of executive teams and senior management who have saved too much in their pension scheme over the last tax year (2019/20).
But what do these statements mean? What action can staff take? And is there anything else about pensions tax that employers and staff need to think about?
In this briefing, we take a look at various aspects of pensions tax and discuss how to plan a tax-efficient pension strategy that works for everyone.