Making allowances

Cracknell, Michelle
May 2005
Money Marketing;5/19/2005, p46
Explores why careful calculations are required to assess pension returns in the pension simplification scheme introduced by the Great Britain government. Application of overall maximum funding limit to defined contribution and defined benefit pensions; Setting of limits on the tax privileges to an individual; Greater control introduced by the scheme over the date that the individual can draw their pension; Scheme's effort to ensure the pension fund remains within the lifetime allowance.


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