Extensive changes to the pensions tax regime took place from 6 April 2011.  Here we recap some of the main features of the new regime and, importantly, what actions you should be taking in relation to your own pension provision. Key features of the new regime -       The annual allowance of pension contributions you can make on which you get tax…

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Question Duncan, my accountant has suggested ’salary sacrifice’ as a means of saving tax and bolstering my retirement funding.  What do you think? Answer It is arguable that where you are able to agree on a salary/bonus sacrifice with your employer, with the sacrificed income being paid as an employer pension contribution to your chosen scheme, this will prove the most tax efficient means of paying a…

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