Introduction
Following on from the Spring Budget Bulletin our Head of Client Natalie Kempster has got together with Andrew Little Investment Manager at Hawksmoor to answer your questions. This recording provides an outline of the changes to pensions and covers the increased annual allowance, the abolition of the lifetime allowance and the increase to the MPAA. We also answer the following questions:
- What is the annual allowance and what has changed?
- What are the limits now on what you can put in your pension?
- What is the impact for most people?
- What is happening to the pension commencement lump sum PCLS (often known as TFC)?
- What if I have a protected lifetime allowance?
- What about pensions death benefits?
- What is the money purchase annual allowance and how has it changed?
- What is the impact for high earners?
- Is there anything else we should know?