Pension Tax Guide 2023-24

A thorough and very practical guide to how the pension rules work, and to the part they play in tax planning, written for professionals (accountants, tax specialists, lawyers, financial advisers) who need to understand the complex and rapidly-changing rules.

New for this edition:

• Increase of the annual allowance and money purchase annual allowance
• Removal of the lifetime allowance excess tax charge
• Modifications to transitional protection rules
• Amended rules re lifetime allowance excess lump sum and serious ill-health lump sum
• Amended rules re lump sum protection
• Clarification and update re treatment of certain death benefits
• Updated commentary on the practical issues arising re small pension pots
• First authorisation of a collective defined contribution (CDC) scheme
• Amended rules from April 2023 for transfers to a qualifying recognised overseas pension
• scheme
• Expanded commentary on periods of non-residence
• Updated commentary re potential use of employer-financed retirement benefit schemes