Budget 2020 Summary

In this article, we provide a summary of the Budget 2020 content that is of relevance to financial planning. Pensions Tapered annual allowance This measure increases the income limits used in calculating the tapered annual allowance and decreases the minimum tapered annual allowance. • Threshold income, which is broadly total income before tax (less employee/personal contributions), is increased from £110,000 …

Retirement ProfessionalsBudget 2020 Summary