Curtail effects of AA taper by contributing to pensions now - Les Cameron

The rules around the taper, which was implemented last year, mean those who have a taxable income in a given year of more than £150,000 will have their annual allowance restricted. For every £2 of income an individual earns in excess of £150,000, the annual allowance is reduced by £1. The maximum reduction is £30,000, so those with an annual income of more than £210,000 will have an annual allowance of just £10,000.  However, Prudential head of technical Les Cameron (pictured) said contributing a sufficiently large portion of yearly income into a pension pot could avoid such a drop in...