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.
Published 18 March 2015