The following Employment Tax guidance note Produced by Tolley in association with John Hayward provides comprehensive and up to date tax information covering:
The annual allowance in relation to registered pension schemes is the maximum amount:
by which a member’s benefits can increase in a pension input period (PIP) (in respect of defined benefit schemes)
that can be contributed to pension arrangements in a PIP (for defined contribution or money purchase schemes)
If the annual allowance is exceeded there is a tax charge (the annual allowance charge) on the member.
See the Annual allowance guidance note.
In order to facilitate the taper of the annual allowance for the hi
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