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ARTICLE · 29 DECEMBER 2016

Pensions Ready Reckoner - December 2016

Wedlake Bell LLP
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Latest developments in the ever-changing world of occupational pension schemes.

United KingdomEmployment and HR

Latest developments in the ever-changing world of occupational pension schemes.

PARLIAMENT

 

Topic

Legislation

Lifetime ISA from 6 April 2017

Savings (Government Contributions) Bill 2016 published on 6 September 2016 - introduces the new Lifetime ISA from 6 April 2017. Save up to £4,000 per annum into a "Lifetime ISA" until your 50th birthday and then access it (along with a Government-funded "bonus") tax-free, either as a deposit for your first house or once you've hit age 60.

Pension Schemes Bill

Includes provisions to regulate master trusts, and restrictions on exit charges in DC trust based occupational pension schemes.

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