Pensions Savings - The Tax Issues

Recent developments have seen substantial changes to the rules for accessing money purchase pensions and the treatment of funds remaining on death. These changes have increased the attractiveness of pension and estate planning by individuals.

At the same time the tax relief restriction on annual pension contributions remains under the spotlight. This, combined with the reductions to the Lifetime Allowance, puts constraints on tax efficiency and can result in tax charges. In addition, the new state pension arrangements came into operation from April 2016.  

The course aims to examine the detailed rules involved in providing for and accessing a pension, taking into account the tax impact of alternative courses of action. Planning issues will be covered.


Pension contributions and tax relief

  • Mechanics
  • The significance of net relevant earnings
  • Pension input periods and alignment
  • The Annual Allowance
    • Unused relief
    • Excess charges
    • Tapered allowance where total income > £150,000

Understanding the Lifetime allowance

  • Reductions
  • Protection mechanisms
  • When the charge applies

Accessing money purchase pension funds

  • Income and lump sums
  • Small pension pots
  • Money purchase Annual Allowance rules

The taxation of death benefits

  • The significance of age and how benefits are taken
  • The interaction with IHT and estate planning

The state pension

  • How the new state pension operates
  • Entitlement

Pensions and divorce

Workplace pensions – recent developments and points of interest

The detail above relates to the 2019 course only. The content for 2020 courses may vary.

CPD Course
New credit option for 2019

Our training courses credits could provide a more flexible payment option. Call 0116 258 1200 to find out more or visit our credits page.

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