Nobody likes to pay more tax than they need to, especially if it’s an unexpected bill, so within this session we will look at some of the potential issues that those with above average salaries may face when funding their retirement plans and some of the approaches that can be adopted to help mitigate any tax consequences that may arise.
- The impact of the lifetime allowance and changes that may need to be made to both pension and life assurance arrangements
- The consequences of breaching the tapered annual allowance regulations and steps that may be taken to mitigate this
- The implications of the loss of personal allowance and how using bonus waiver can avoid falling into the tax trap
