Partner, Nicola Plant from our Private Client department speaks to Kent Business about the 2016 budget and comments on further changes to tax relief and annual allowances for pension contributions.
Nicola said, “After much speculation it looks as though further changes to tax relief on pensions have been shelved for the time being."
“Nevertheless, the Chancellor could still reduce the lifetime and annual allowances for pension
contributions, or restrict salary sacrifice schemes, which currently avoid national insurance contributions and costs the Chancellor billions each year.”
The full article is available to read online, first published by Kent Business in March 2016: Budget 2016: Towergate warns George Osborne against rises in insurance premium tax