This April a pension storm is forecast
There have been some radical changes to pensions in recent years and in April 2016 further changes will be introduced by government that could leave high earners with unexpected tax bills of up to £13,500.
From 6th April 2016, the annual allowance will be tapered from £40,000 for those with earnings of £150,000 or less to £10,000 for those with earnings of £210,000 or more. Whilst this will mostly impact high earners, there will be some people earning below £150,000 that may also be affected and people with a basic salary of more than £100,000 should also be seeking advice.
Read the full article on Fresh Business Thinking.