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



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

Our updates* include:

  • a new example of when it might be appropriate to advise an individual to leave their scheme.
  • a look at concessions for clinicians in relation to annual allowance charges for 2019/20 and changes to voluntary scheme pays arrangements.  

This packed interactive paper also explains how paying annual and lifetime allowance 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.

Download a copy now

*policy paper last updated May 2021

Watch our webinar and earn CPD time

60 minute timer

Join Fiona Hanrahan and Justin Corliss as they dig deeper into some of the technical aspects of the annual allowance, including how it interacts with tax relief, carry forward, the taper and the MPAA.

After watching this webinar, you will be able to:

  • How the annual, money purchase, and tapered allowances work. 
  • The operation and advantages of "scheme pays".
  • How to calculate whether an opt-out is suitable.
  • Other factors impacting suitability.

Watch webinar

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This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.