The previous budget announced a reduction in the lifetime allowance from £1.25m to £1m from 6 April 2016.
Fixed protection will be available for individuals with pension pots in excess of £1m at 6 April 2016.
What should I do?
It is ESSENTIAL, that you discuss this with your accountant – Accounts Unlocked for Doctors Ltd has unrivalled experience in planning around minimising the impact of this and ensuring that you have a planned roadmap which maximises your income throughout.
Book a free consultation with us today by completing the callback request form below to find out more about how we can help you.