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Keep an eye on changes to pensions.
(From Nottingham Evening Post)
THE June Budget detailed a number of changes to pensions which have generally been favourably received. The key areas relate to how much you can pay into your pension fund and how you draw your pension benefits.
There will be a significant reduction in the amount you can pay into a pension. In the 2010/ 11 tax year it can be as much as GBP255,000, but from April 2011 the maximum will reduce to GBP50,000 with scope to carry forward some unused contributions from the last three years.
This will not affect many of us but if you think it relates to you some careful planning before April is in order.
The earliest age that …
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