Calculating a client’s pension allowances, particularly at tax year end, can be complex.
FundsNetwork’s tax and pension experts, Paul Kennedy and Paul Squirrell, take you through the many steps necessary when assessing a client’s position before making a pension contribution.
From the critical starting point of tax relief, they also discuss:
• Annual allowances
• The tapered annual allowance
• Carry forward
• The money purchase annual allowance and the triggers
• Exceeding annual allowances
• The lifetime allowance
The video can be viewed within the tax year end hub of FundsNetwork, where you will also find a wide range of support material for you and your clients at this time of year.