Length of course: 1 hour 30 minutes

Summary

This course is designed to provide employees with an overview of the key issues relating to the annual and lifetime allowances. Awareness and understanding of both pension limits is essential to avoid additional tax charges.

Suitability

High earners who are:

  • Looking to maximise their pension savings, and/or
  • Concerned they may exceed the lifetime allowance at-retirement

Course Objectives

  • Raise awareness of the key financial planning issues around the annual allowance and lifetime allowance
  • Explain the terminology relating to the annual allowance and lifetime allowance
  • Breakdown the annual allowance and lifetime allowance calculations
  • Identify the opportunities available to reduce or remove any potential annual allowance and lifetime allowance tax charge
  • Understanding the next steps & where to receive further guidance and regulated financial advice

Course Structure

Basic

  • Types of workplace pensions
  • Tax advantages of pensions
  • Limits of pension saving

Annual allowance

  • What is the annual allowance?
  • How is it measured?
  • The annual allowance tax charge
  • Money purchase annual allowance
  • Tapered annual allowance

Lifetime allowance

  • What is the lifetime allowance?
  • How is it measured?
  • The lifetime allowance tax charge
  • Protection from the lifetime allowance

For further details please contact events@affinityconnect.org or contact Training on 0800 019 6076.