Senior industry figures are pleading for an early government announcement on pension tax relief restriction rules because "time is running out" for employers to implement changes.
The government said it will release the details in autumn, but LCP partner Jeremy Dell (pictured) said he feared this could be as late as December. The new rules on tax relief are due to be implemented in April next year, but Dell said even if the details come out in September firms will have little chance to discuss and implement changes to benefits. Dell said: “Companies don’t know who is going to be hit by this legislation and the extent to which people will be affected because we don’t know anything yet. “If the government publishes its proposals next month in detail that only ...
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