THE FUND AND ACTUARY SUMMARISE THE PENSION, INCOME TAX AND NI CHANGES FOR HIGH EARNERS FROM 6 APRIL 2010
Implications from 6 April 2010
Fri Mar 5 2010
THE GOVERNMENT has recently announced some significant changes which affect tax and national insurance, including tax relief on pension contributions for high earners. This note has been prepared with the assistance of the actuaries to the Pension Fund, Mercer Limited, and updates you on the immediate changes that could impact upon employees now, and the future changes that are scheduled over the next few years.
Some of the future proposals are currently subject to consultation so could change again before implementation. The PDF document below, is a brief outline of the changes and some questions to aid understanding.