Money Minder UK

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In Brief: Taxing times

Tuesday, 29 September 2015

The tax free limit for those earning more than £150,000 is set to be changed by the government April 2016. The new reduction, is to progressively reduce the annual amount of tax free pension contributions, that a person can make, for those earning more than £150,000. This new legislation is to include employer pension contributions, and will not be able to be worked around by reducing income via salary sacrifice.

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