SRC Wealth Management | a Chartered Financial Planning company that provides specialist advice on defined benefit pension transfers

MPPA Reduction Shelved


It looks as though the Government has shelved plans to reduce the Money Purchase Annual Allowance from £10,000 to £4,000.  The reduction which was due to be confirmed in clause 12 of the forthcoming Finance Bill, has been dropped, according to a note on the parliament website.  People may still need to tread carefully however, as there is always the possibility that it could still be introduced and backdated to April 6 this year.