in

Government to Consult on Repayment Rules for Defined Benefit Pension Schemes: Autumn Statement 23

At the moment, you are using your Enterprise account to access Professional Pensions.

If you are already a member, please click on the provided link to log in.

If you encounter any difficulties with your access or if you wish to request a personalized access account, please get in touch with our customer service team.

Contact number: +44 (0) 1858 438800

Contact email: [email protected]

Look for Professional Pensions.

Supported by

Please select a subject from the options provided. Explore the content that is most widely viewed and appreciated by our audience. If you need to get in touch with us, you can find

Please use the Professional Pensions

At the moment, you are using your Enterprise account to access Professional Pensions.

If you are already a registered user, please click on the link provided below to log into your account.

If you encounter any difficulties with your access or if you would like to apply for a personalized access account, please get in touch with our customer service team.

Contact number: +44 (0) 1858 438800

Contact information: [email protected]

In the Autumn Statement 23, the government announced that they will be seeking input and opinions from the public on the rules regarding the repayment of surpluses in defined benefit pension schemes. Currently, there is a 35% tax rate on these surpluses, but the government plans to reduce it to 25%. This information was sourced from HM Treasury's Flickr page.

The government has announced that it will initiate a consultation on the regulations concerning the repayment of defined benefit (DB) schemes. In order to allow pension funds to have a varied investment portfolio, the government has confirmed that it will be seeking input on potential modifications to the rules regarding the timing of DB scheme repayments during the upcoming winter.

In order to access the full content of this

Become a member of Professional Pensions by joining now

If you are already a member of Professional Pensions, please log in to your

In the Autumn Statement 23, the Chancellor has presented a proposal for the consolidation of DC schemes.

The goal of abolishing Lifetime Allowance (LTA) is still on track for April 2024, according to the

Featured Author

Holly Roach

News Editor at Professional Pensions

Additional news from Holly Roach: Askews Retirement Scheme has reached an agreement with L&G for a buy-in worth £11 million.

Aware Super has pledged to invest £5.25bn in the UK.

Further details about the industry

MMMM initiates a campaign that focuses on bringing attention to the connection between pensions and the fossil fuel sector. The aim of the advertisement is to demonstrate the associations between pension funds and investments in

Expert analysis: What are the key factors shaping the future of retirement?

Pension schemes are facing a variety of new challenges as the era of market stability comes to a close, including market fluctuations and the increasing cost of living. Henry Odogwu from BlackRock, Chris Eastwood from Penfold, and Joe Dabrowski from PLSA discuss these issues and their impact on retirement.

Buzz: Did the Autumn Statement from last week bring positive news for pensions? The Autumn Statement discussed various topics such as the pot for life, the Pension Protection Fund (PPF), and the trustee register.

This text is the copyright of Incisive Business Media (IP) Limited and it was published by Incisive Business Media Limited. The company is located at New London House, 172 Drury Lane, London WC2B 5QR. It is registered in England and Wales under the company registration numbers 09177174 and 09178013. Incisive Business Media is a part of the Arc network, which can be found at www.arc-network.com.

What do you think?

Written by

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

UK Government Confirms Abolition of Lifetime Allowance for Pension Pot by April 2024

Transfer Talk: €500M Price-Tag Stops Ianis Stoica’s Move, Chelsea Sign Ex-Corinthians Star Neto, and More