Government weighs up changes to pension law
The government is considering changing the way it calculates the value of a pension pot for tax purposes.
The government is considering changing the way it calculates the value of a pension pot for tax purposes, in a move that could benefit workers on higher pay who are in defined contribution schemes, according to several pension industry sources.
The new measure, which could be introduced in the budget next month, would increase the factor for calculating the capital value of a pension, allowing savers to accumulate more money to fund their annual retirement...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine