Last year, significant changes to pensions rules were announced that are set to come into force from 6 April 2024. These impact the way pensions are managed and taxed, and it's crucial that pension members understand these changes and how they may affect your retirement planning.
We've put together a factsheet which provides a detailed explanation of these changes, including the abolition of the Lifetime Allowance (LTA), the introduction of new allowances, and the implications for death benefits and protected allowances. It also outlines the steps you can take to ensure that you and your nominated beneficiaries can maximise the benefits available under the new regime.
For further information on these important changes and how they may affect you, please click below.
If you have any questions or require assistance with the points mentioned in the factsheet, please reach out to Director Andrew Tricker or Chartered Financial Planner, Gorkem Barron.
