London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Budget 2008 - Pensions

There appear to be no dramatic new announcements relating to pension planning in this budget. As previously announced the annual allowance increases to £235,000 for 2008/09. The lifetime allowance becomes £1,650,000.

Individuals who have not reviewed their pension arrangements since the 2006 'Pension Simplification' should do so now. In particular transitional protection against the effects of the lifetime allowance can be applied for. The deadline for applying for this protection is 5th April 2009.



Date: 12th March, 2008
Author: Tony Slocombe


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Michael Lapham shortlisted in the Money Management Financial Planner Awards 2017…

#Farming trading as a #partnership potential #tax pitfalls and tips @mercerhole Phil Fenn insight @accountancylive



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn