Pre-Budget Report 2009 - yet more changes to the pension regime!
Just as a reminder the tax breaks on pension contributions over £20,000 were potentially restricted from 22 April this year. The changes were wide-ranging and very complicated.
Unfortunately it has just got worse: with more changes as of today. They key change is that the restriction of relief may now apply to contributions made as of today to pension payments above the normal pattern by individuals with income in excess of £130,000 (previously £150,000).
Cathy Corns is a tax adviser and a partner at Mercer & Hole. If you would like to discuss the contents of this post with Cathy you can call her on 01908 605552.
Date: 9th December, 2009
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