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PERSONAL PENSION REFORM FOR 2017/2018

8th March 2017 BUDGET PROPOSALS
AND CHANGES FOR 2017/2018 previously announced
(Subject to details in the Finance Bill)
Ellis Atkins have taken all due care in the presentation of these notes. No responsibility for loss occasioned to any person or company acting or refraining from action as a result of any material in these notes can be accepted by Ellis Atkins, its partners or staff. Please contact us or your own professional advisor for advice specific to your circumstances.

The maximum level of gross contributions into a pension scheme, which attracts tax relief, remains at £40,000 per annum.

From 2017/18 the Money Purchase Annual Allowance will be reduced from £10,000 to £4,000.