Redswan News

Redesigned our SIPP Fee Agreement

We’ve redesigned our SIPP fee agreement to be clearer and benchmarked our fees, too. It comes in to effect immediately for new SIPPs and is available from the downloads section of our website: http://www.redswanpensions.co.uk/downloads/

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HMRC Publish Pension Schemes Newsletter No 53

HMRC publish pension schemes newsletter no 53 on various matters from the 2012 budget: www.hmrc.gov.uk/pensionschemes/newsletter53.pdf

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Annual Tax Allowance Change

The Government today announced changes to the annual allowance for tax relief on pensions. The annual allowance for tax relief on pension savings for individuals will be reduced from £255,000 to £50,000 from 6 April 2011. They have also announced that the lifetime allowance will be reduced from £1,800,000 to £1,500,000 from 6 April 2012.

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