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Pensions & Tax

General Information

All occupational pension schemes and personal pension arrangements are subject to tax rules. The rules set limits on the amount of tax-free contributions people can make to a pension scheme, the maximum amount of benefits that can be paid and the way in which those benefits can be taken.

The Government has simplified the tax rules for occupational pensions schemes. For most people this will either have little or no effect. However, it will effect some high earners. You can find more information in the Pensions and Tax section.