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Pensions Update

 
Continuing our regular feature the Norton Rose Pensions Team brings us a pensions update including details of the pensions aspects of the recent Pre-Budget Report
Pre-Budget Report
 
The Chancellor Alistair Darling delivered his first Pre-Budget Report on 9 October 2007.
 
The points relevant to pensions are as follow.
Changes to S2P and contracting-out
 
Following the announcement at Budget 2007 of the harmonisation of the National Insurance Contributions Upper Earnings Limit (UEL) with the threshold at which higher rate income tax becomes payable from 6 April 2009 legislation will be introduced to bring forward the introduction of the Upper...

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