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Pension top-ups and the new regime

Stephen Woodhouse and Varinder Allen review the tax issues, including the impact of the disguised remuneration legislation.

The UK has previously benefited from a benign tax regime for the tax treatment of pensions. The policy of a succession of governments has focused on encouraging pension provision by both employers and individuals through a series of generous tax reliefs.

This has changed through a combination of two broad measures:

  • restrictions on the tax reliefs relating to registered pension plans (FA 2004 Part 4 as amended by FA 2011 s 66 and s 67 and Sch...

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