A provision has been included in the Bill which says that where scheme rules provide for revaluation by reference to RPI but in all other respects reflect the statutory requirements on revaluation, the provisions of the Rules will apply.
Since 6 April 2011, saving through registered pension plans has been restricted by an annual allowance of £50,000 (plus unused allowance from the previous three tax years).
Yesterday's Emergency Budget included various pensions-related announcements.
The Finance Act 2009 which received Royal Assent on 21 July 2009 introduced a number of reforms to the international aspects of UK’s taxation.
On 1 September 2009, the General Insurers' Technical Provisions (Appropriate Amount) (Tax) Regulations 2009 (the Regulation) comes into force in the UK.