Calculating a client’s pension allowances, particularly at tax year end, can be complex.
FundsNetwork’s tax and pension experts, Paul Kennedy and Paul Squirrell, discuss the steps necessary to assess a client’s position before making a pension contribution.
From the critical starting point of tax relief, they also discuss:
- Annual allowances
- The tapered annual allowance
- Carry forward
- The money purchase annual allowance and the triggers
- Exceeding annual allowances
- The lifetime allowance
The video can be viewed within the tax year end hub of FundsNetwork, where you will also find a wide range of support material for you and your clients at this time of year.