Pensions Industry Stakeholder Forum minutes
22 December 2016
The minutes from the meeting the latest Pensions Industry Stakeholder Forum have been made available.
One of the areas under discussion was the Annual Allowance:
The new annual allowance calculator launched on 28 September 2016 as a beta version. HMRC confirmed that changes are being made based on feedback received, such as adding in the 2012 to 2013 tax year into the calculator.
HMRC also confirmed they have a list of other changes to the calculator and they will prioritise these further amendments between the end of November and December 2016.
HMRC confirmed that there is work in progress to look at annual allowance content on GOV.UK to improve the customer journey and provide clearer guidance on tapered annual allowance.
Read what else was said about the tapered annual allowance and many other useful topics, in the Pensions Industry Stakeholder Forum Minutes from the meeting held on 19 October 2016.