Pensions Savings - The Tax Issues

Developments in recent years have seen substantial changes to the rules for accessing money purchase pensions and the treatment of funds remaining on death.  These changes have increased the attractiveness of pension and estate planning by individuals.

At the same time the tax relief restriction on annual pension contributions continues to be under the spotlight. This combined with the reductions to Lifetime Allowance puts constraints on tax efficiency and can result in tax charges. In addition, the new state pension arrangements came into operation from April 2016.  

This course aims to examine the detailed rules involved in providing for and accessing a pension taking into account the tax impact of alternative courses of action.


Pension contributions and tax relief

  • Mechanics
  • The significance of net relevant earnings
  • The Annual allowance

Understanding the Lifetime allowance

  • Protection mechanisms
  • When and how the charge applies

Accessing money purchase pension funds

  • Income and lump sums including small pension pots
  • Money purchase annual allowance rules

The taxation of death benefits

  • The significance of age and how benefits are taken
  • The interaction with IHT and estate planning

The state pension

  • How the new state pension operates
  • Entitlement

The content for online courses predating 2020 may vary.

CPD Course
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