277/3 CEEFAX1 Fri 3 Feb CEEFAX.TV
PENSIONS INFORMATION
(* - continued) - Legislation will also
be introduced to prevent individuals
from increasing their "normal regular
contributions" on or after 22 April
2009.
+ - The lifetime allowance acts to
restrict the amount of pensions savings
that are eligible for tax relief. Where
benefits exceed the allowance, an
effective tax rate of 55% will apply to
the excess.
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