Independent report

Reducing the Annual Allowance: setting the valuation factor

Government Actuary's Department report on a recommendation for a single factor to be used to value the increase in an individual's pension over a tax year.

Document

GAD report on the flat factor

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Details

GAD have been asked by HM Treasury to recommend a single factor to be used to value the increase in an individual‟s pension over a tax year for members of defined benefit pension schemes, for the purpose of applying the Annual Allowance test from April 2011.

Published 13 October 2010