15th June 2017

Prudential: Your client unexpectedly receives a Pensions Savings Statement – what next?

When your client's scheme sends a Pension Savings Statement, is there always a tax charge to pay? Jacqueline Clezy, Technical Specialist at Prudential considers the common questions your clients may ask.

Now that we’re beyond the end of the 2016/17 tax year, members may automatically receive a Pension Savings Statement (PSS) from their scheme warning them their pension input amounts may have exceeded their Annual Allowance. Some clients mistakenly think this notice is telling them they have a tax charge to pay. This is not always the case. This article considers the common questions that your clients may ask.

Read the full article here

Pensions