Northern Ireland Fire and Rescue Service

Annual and Lifetime Allowance

A number of pension reforms were announced in the Budget including measures to introduce a tapered annual pensions allowance for top earners as well as confirmation of plans to reduce the lifetime allowance to £1m, both measures effective from April 2016.  The attached pension bulletin is to provide some additional information in this regard and if individuals are affected by these changes they are advised to speak to their own financial advisors.

Click here to download Budget Changes document

 

 

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