The Finance Act: Pensions changes & what this means for accountants

REGISTER FOR ONDEMAND NOW: session recorded Monday 31st July – 2023 – 2:00pm 

There’s no doubt that the pensions changes were the main surprise of March’s Budget speech.

Now that the resulting Finance Act – Finance (No 2) Act 2023 – has passed into law, we know more about the impact of the two-stage abolition of the lifetime allowance on existing pension arrangements, lump sums, protections and charges.

Our Senior Tehcnical Tax expert, Zigurds Kronbergs, gave an overview of the key changes in Pensions tax, and what this means for your business and clients in the coming finacial year in a free webinar.

This webinar is intended to:

• Illustrate the impact of the immediate abolition of the lifetime-allowance charge

• Discuss the retained limit on pension-commencement lump sums

• Explain the new tax treatment of other excess lump sums

• Highlight the continuing importance of existing protections

• Recap the increases in the annual allowance and the money-purchase annual allowance

• Look ahead to what 2024–25 will or may bring