![]() |
Comment on the new proposed review of the tapered AA and lifetime allowance, please find below a comment from Bob Scott from LCP. |
Bob Scott, Senior Partner at LCP comments: The tapered AA (and the Lifetime Allowance) has already killed off pension contributions for many high earners in DC schemes. "Recognition of the difficulties that the tapered AA has created for DB schemes is very welcome indeed – but we do not underestimate the challenges in coming up with a method of taxing the accrual of DB pensions in a fair and practical way that is fiscally neutral. Whilst we are glad to hear that Treasury will be putting together proposals, we trust that (a) there will be proper consultation on the proposals and (b) changes will treat public and private sector workers with DB benefits equally and fairly. With the pensions taxation system creaking due to complexity piled upon complexity, we would hope that any changes would not exacerbate the problem.
"We will be interested to see if the Treasury proposes a retrospective change – our understanding is that doctors are currently trying to close off their pension tax charges due for their 2017/18 tax returns, let alone 2018/19 or 2019/20" |
|
|
|
Deputy Head of Pricing | ||
London - £150,000 Per Annum |
BPA Implementation Analyst | ||
North-West / hybrid 2-3dpw office-based - Negotiable |
Pricing Actuary – London Market | ||
London / Hybrid - Negotiable |
Pricing & Underwriting Analyst | ||
London / Hybrid - Negotiable |
BPA Transition Manager | ||
South East - Negotiable |
Modelling Actuary - Life | ||
South East - Negotiable |
Reporting Actuary - Life | ||
South East - Negotiable |
London Market Pricing Manager | ||
London - Negotiable |
London Market Pricing - FTC | ||
London - Negotiable |
Senior Pensions Data Technician - Ful... | ||
Fully remote - Negotiable |
STAR EXCLUSIVE: Remote GI Reserving A... | ||
UK remote - Negotiable |
Life Actuarial (Senior) Analyst | ||
South East / hybrid 1 dpw office-based - Negotiable |
Actuarial Pensions Consultant | ||
Nationwide / hybrid 2 dpw office-based - Negotiable |
Specialist Pensions Consultant | ||
London / remote - Negotiable |
Business Development Actuary - Pensions | ||
London / hybrid - Negotiable |
Make your mark in insurance consulting | ||
London/hybrid 2-3dpw office-based - Negotiable |
FTC: Financial Risk Manager | ||
London/hybrid 2-3dpw office-based - Negotiable |
Pricing Actuary (Retail) | ||
London/Hybrid - £130,000 Per Annum |
Capital excellence in the capital - S... | ||
London - Negotiable |
Life Reinsurance Associate - Bermuda | ||
Bermuda - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.