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Government to Consult on Changes to DB Surplus Repayment Rules: What This Means for Pension Funds

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The government has announced plans to seek public input on the rules for repaying surplus funds in defined benefit (DB) pension schemes. The current tax rate of 35% on these surpluses will be decreased to 25%. The source for this information is the HM Treasury's official Flickr account.

The government plans to initiate a discussion on the regulations regarding the repayment of defined benefit (DB) schemes. In order to allow pension funds to have a wide range of investments, the government has announced that it will be seeking public input on potential modifications to the rules governing when DB schemes can make repayments. This consultation is expected to take place during the winter season.

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In the previous article, the Chancellor announced a proposal to consolidate DC schemes in the Autumn Statement 23.

The Autumn Statement 23 confirms that the abolition of the Lifetime Allowance (LTA) is still set to take place in

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