Categories:Employment,Pensions

December 2012: Pensions update

An overview of legal issues facing the pensions sector in the new year.

From 2014/15 the annual allowance and the lifetime allowance will be further reduced:

  • annual allowance – reduced to £40,000; and
  • lifetime allowance – reduced to £1.25m.

Note that this may potentially affect individuals before 6 April 2014, as the reductions apply to pension contributions/accrual in pension input periods (PIPs) which end in 2014–15. So, for example, if the PIP starts on 1 May 2013 and ends on 30 April 2014, the reduced allowances will start to apply from as early as 1 May 2013. Draft provisions are included in the Finance Bill 2013…

If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.

Click on the link above to download briefing.

Briefings from Nabarro

View more briefings from Nabarro

Analysis from The Lawyer

  • pro neg

    Professional negligence: Claims vs reality

    Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem 

  • Google HQ

    Number crunching: Nabarro’s real estate

    Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm.  Google’s ...

View more analysis from The Lawyer

Overview

Lacon House
84 Theobald's Road
London
WC1X 8RW
UK
http://www.nabarro.com

Turnover (£m): 116.30
No. of Lawyers: 360