Given the timing of the pandemic events in March, the most recent Budget announced on 11 March was very much overlooked for very good reason. However the 2020/21 tax year started all the same and some fundamental changes were made to the Annual Allowance rules and the limits at which Tapered Annual Allowance would take effect.
If you have income of £110,000 you may well have important changes to consider for your pension and retirement planning. I’ve made a short video shown below that discusses this in a bit more detail.
Please do not hesitate to get in touch via gemma.wood@sjpp.co.uk should you have any questions.
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