Pensions tax: overview

This practice note gives an overview of the current tax regime for pension schemes in the UK. The note summarises the main rules applying to pension schemes that have registered with HMRC, including those concerning the annual allowance, the lifetime allowance and the availability of tax relief on contributions or accruals. Also considered are HMRC's requirements regarding authorised pensions and lump sums and details the tax charges levied by HMRC on unauthorised payments.

Request a free trial

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail info@practicallaw.com.

A free trial will give you:

Unlimited access to Practical Law online know-how
Thousands of market standard documents and clauses
Daily alerts and weekly update e-mails on key legal developments in your practice area
 

Register

Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243410520", "objName" : "Pensions tax overview", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/uk/6-204-0440?null", "pageType" : "", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-5422e4b2:14a60e2efb0:-7633", "analyticsSessionCookie" : "2-5422e4b2:14a60e2efb0:-7632", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }