Where plan rules provide that deferred members’ benefits will increase at a rate of revaluation allowed by tax legislation, the increase will not count towards the Annual Allowance. Where the rules provide higher increases, members should be informed as it could affect their financial planning/tax liability. Trustees should be certain of the position for their plan.
- How-to guide How-to guide: How to negotiate and draft governing law and court jurisdiction clauses in a commercial agreement (UK)
- Checklist Checklist: Modern slavery in supply chains (USA) Recently updated
- How-to guide How-to guide: How to effectively incorporate standard terms and conditions in a commercial agreement or transaction (USA)