TISA adds voice to calls for MPAA rethink

Fortnight till consultation deadline

Hannah Godfrey
clock • 2 min read

The Tax Incentivised Savings Association (TISA) is to add its weight to the growing campaign calling on the government to reconsider its proposed changes to the money purchase annual allowance (MPAA).

TISA's policy strategy director Adrian Boulding (pictured) has revealed the trade association will be putting forward a number of alternative approaches for the Treasury's consideration - including that, once an individual has accessed their pension flexibly, any further contributions would not attract the usual 25% tax-free cash. Highlighting the rising trend of people working part-time across the UK labour market, Boulding pointed to Office for National Statistics figures showing the number of those doing so from the age of 70 onwards had almost doubled since 2006. "This is now part...

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