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HMRC clarifies pensions allowances after £30,000 confusion
HMRC clarified that SIP-to-SIPP transfers reduce the £60,000 annual pension allowance and count towards the 100% UK earnings limit for tax relief, affecting most taxpayers.
Summary by Wales Online
4 Articles
4 Articles
Bristol PostReposted by 
Wales Online
Wales OnlineHMRC clarifies pensions allowances after £30,000 confusion
A taxpayer had a question about paying into their pension
·Bristol, United Kingdom
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HMRC pensions update as £30,000 scheme can be exempt from certain taxes
A taxpayer had a question about paying into their pension HMRC has issued fresh guidance on its pensions rules following a taxpayer’s enquiry about their SIPP (Self-invested personal pension). The person approached the tax authority with a particular concern regarding the transfer of shares from an employee share incentive plan (SIP) into a self-invested pension plan (SIPP), after they had lost their job through redundancy. They asked the author…
Coverage Details
Total News Sources4
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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