High Earners Allowance

Are you aware that in the last Budget, it was announced that high earners will see their annual allowance restricted.

From 6th April 2016 those with income above £150,000 will see their annual allowance reduced by £1 for every £2 of excess income.  The maximum reduction is £30,000 - reached by clients with income of at least £210,000 - resulting in an annual pension allowance of only £10,000.

So how will you be funding your ongoing pension contributions?

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