Why paying a tax charge isn’t always a bad thing

We’ve updated our adviser policy paper and it’s ready to download.

This packed interactive paper also explains how paying tax charges can still make your clients better off in retirement, and…

• digs deeper into the options for paying these charges
• offers a solution to help you identify if your clients are better off financially in or out a scheme
• showcases different client scenarios
• explains other relevant considerations and regulatory issues.

*policy paper last updated October 2022

*The Spring Budget in March 2023 made changes which are not covered in this document. From 6 April 2023, the standard annual allowance increased from £40,000 to £60,000 and the taper will apply if both adjusted income is greater than £260,000 and threshold income greater than £200,000. 
The minimum annual allowance for someone affected by the taper is now £10,000 and the lifetime allowance will be removed from 6 April 2024.