Pension tax relief: The annual allowance and lifetime allowance
This briefing discusses changes to the lifetime and annual allowances - which limit tax relief on pension savings.
The Finance (No.2) Bill contains a series of minor and technical measures, most of which were announced in the then Labour Government's March 2010 Budget. The enactment of these measures was delayed by the timing of the 2010 General Election. In its first Budget on 22 June, the Coalition Government announced it would introduce two Finance Bills in 2010: the first to be passed for the summer recess to implement its key priorities, the second to be introuced in the autumn to clear these inherited measures. This note sets out the chronology of these events and a checklist of the Bill's contents.
Finance (No.2) Bill 2010 (120 KB , PDF)
The Finance (No.2) Bill contains a series of minor and technical measures, most of which were announced in the then Labour Government’s March 2010 Budget. The enactment of these measures was delayed by the timing of the 2010 General Election. In its first Budget on 22 June, the Coalition Government announced it would introduce two Finance Bills in 2010: the first to be passed for the summer recess to implement its key priorities, the second to be introuced in the autumn to clear these inherited measures. This note sets out the chronology of these events and a checklist of the Bill’s contents.
Finance (No.2) Bill 2010 (120 KB , PDF)
This briefing discusses changes to the lifetime and annual allowances - which limit tax relief on pension savings.
This briefing gives an overview of pensions taxation in the UK.
Looks at the Labour government's proposals on independent schools, VAT and charitable (business rates) relief