Sixty Second Summary
Annual Allowance update - the 'simplification' that keeps on giving
27 Jul 2018 - Estimated reading time: 1 minute
When tax simplification was introduced in 2006 it was the impact of the Lifetime Allowance that grabbed all the headlines at the time. In recent years the impact of reductions to the Annual Allowance (AA), with a good dose of tapering from April 2016, means that this has now become the main tax simplification headline grabber.
As funds get to work on the 2017/18 exercise we thought it would be useful to remind you of the key issues to consider.