In the last 5 years the complexities of the annual allowance have proven to exceed even the most patient and knowledgeable among us:

• The technical nature of pension tax provisions;
• The increased numbers of scheme members being caught by the annual allowance as a result of the threshold remaining unchanged for many years;
• The bespoke tax demands placed on administration teams from scheme members;
• The resource that can be taken from (usually) senior members of the team in dealing with technical queries;
• Additionally, we know that loss of key staff and difficulty recruiting replacements can also impact on the ability to deliver technical projects.

We have been supporting Funds over many years in managing their annual allowance exercises. We offer a range of support, enabling you to meet your annual allowance responsibilities, while you continue to focus on delivery of business-as-usual activities:

• Undertake individual assessments;
• Incorporate the impact of the lifetime allowance;
• Provide interactive tax seminars to higher earners and others who may be interested;
• Provide interactive training to your administration team; and
• Facilitate one-to-one sessions.

To find out more about how we can help you naviagate these challenges, get in touch with your usual consultant, or contact Peter Riedel or Ian Colvin for further information.