Policy paper

Pension scheme benefits: independent advice for employees

This Tax Information and Impact Note is about a new Income Tax exemption when employers give employees or former employees appropriate independent advice for pension schemes.

Documents

Details

The measure will introduce a new Income Tax exemption for payments made when employers are mandated to provide employees or former employees with appropriate independent advice as part of any employer-led transfer exercise from defined benefit (DB) to defined contribution (DC) pension schemes. The measure will have effect on and after 6 April 2015.

Updates to this page

Published 18 March 2015

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