The Finance Act 2013 brings with it yet more changes to the pension rules. The two most notable changes which will come into force on 6 April 2014 are:

  • The reduction of the Lifetime Allowance from £1.5m to £1.25m.
  • The reduction of the Annual Allowance from £50,000 to £40,000.

In this bulletin we will look at these changes in detail and discuss what action pension savers need to take.

Read the article here: Pensions Bulletin – August 2013 – 105kb PDF.