What UK pension investors should look out for in 2016
By Kirsten Hastings, 17 Dec 15
After seismic changes to the pensions landscape, 2016 looks like being another year of upheaval. Here are the main things Hargreaves Lansdown think investors should look out for.
New Year resolutions part 2:
6. Check whether you’ll be affected by impending and potential tax changes (see next slide). If you’re a higher earner it may well make sense to make additional pension funding ahead of the tax year end.
7. Check whether you should use the Carry Forward rule to sweep up unused pension contribution allowance from previous years ahead of the pension tax review being published.
8. Make sure you’ve notified your pension provider about your wishes for any pension death benefit payments.
9. Check whether you’ll be affected by the drop in the Lifetime Allowance (see next slide). This could affect your capacity to make further pension contributions after April 2016.
10. Look out for the forthcoming pension freedoms exit penalty review; it may present an opportunity to make a penalty free move from a dormant pension.
Tags: Hargreaves Lansdown | Pension
