Members are potentially unaware of the changes to pension taxation that came into effect last year, which can lead to potential tax charges emerging on pension accrual in 2016/17. Such charges can be significant for certain individuals and will need to be paid in the coming months.
The changes should only affect a small number of our members. However, whether you are affected by the cut in pensions tax relief will depend on a number of things but in general it will be high earners in senior management positions that could potentially be affected.
Pensions taxation is a highly technical and complex issue, therefore we have partnered with Mercer to host educational/information sessions on 6th November with a follow up session on 13th November for individuals potentially affected. There will be no charge for attending these sessions as they are being hosted by the Fund. However, should individual financial advice be sought at a later date, members would be responsible for meeting any such charges incurred.
The link below provides further details of what the sessions will cover and how to book your place.
Scheme members are invited to this year’s Annual Fund Meeting at The Source Skills Academy, Meadowhall
Date: Thursday 19th October 2017
If you would like to attend the meeting please complete the online ticket application to secure your place.
Hope to see you there!