 |
|
 |  |  |  |
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" |
|
|
|
| Pricing Lead/Manager | ||
| London - £130,000 Per Annum | ||
| Actuary | ||
| London/Hybrid - Negotiable | ||
| Capital Actuary | ||
| London - £110,000 Per Annum | ||
| Senior Reserving Actuary | ||
| London - Negotiable | ||
| Head of Capital | ||
| London/Hybrid - Negotiable | ||
| Head of Pricing | ||
| London - £170,000 Per Annum | ||
| Pricing Actuary | ||
| London - £120,000 Per Annum | ||
| Pricing Transformation Lead | ||
| London - £85,000 Per Annum | ||
| Head of Capital | ||
| London - Negotiable | ||
| Portfolio Actuary | ||
| London - £140,000 Per Annum | ||
| Deputy Head of Capital | ||
| London - £140,000 Per Annum | ||
| Senior Pricing & Portfolio Management... | ||
| London - £150,000 Per Annum | ||
| Pricing Transformation Lead | ||
| London - £85,000 Per Annum | ||
| Lead Capital Actuary | ||
| London - £150,000 Per Annum | ||
| Take the lead on capital oversight | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Be at the forefront of creative GI co... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Remote Market and Credit Risk Calibra... | ||
| Remote - Negotiable | ||
| Contact us about a Capital Contract i... | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Head of Insurance Risk | ||
| London - £160,000 Per Annum | ||
| Director - Pensions Risk Transfer (PRT) | ||
| London, Midlands, North West - hybrid working 2dpw in the office - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2026 Actuarial Post. Created by Zero-One Design Ltd
