Effect of reducing money purchase annual allowance
Posted by mostafa on 29 November, 2016
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This item was filled under Tax
The government is consulting on reducing the money purchase annual allowance (MPAA) from £10,000 to £4,000. The change is planned to take effect from April 2017.
The aim is to limit the extent to which pension savings can be recycled to take advantage of tax relief. The document is …