Enhanced Protection & Primary Protection deadline only weeks away!
Wednesday, February 18th, 2009As noted in my previous blogspot, the potential to fund pensions has increased after pensions “A” day in April 2006. The tax advantages of funding pensions will still make this a very viable investment vehicle. Don’t forget to make the relevant pension contributions this tax year or within your companies trading year.
These ‘A’ day changes also introduced other issues, such as the pensions Lifetime Allowance Limits (LTA), £1.65M in 2008/2009 and pension protection that can be secured up to April 2009. These protections are referred to as Enhanced Protection & Primary Protection.
If you are able to apply for (and qualify for either) Enhanced Protection or Primary Protection, this should be secured by the end of the tax year (05 April 2009).
We can help you with your application to HMRC in Nottingham (form APSS 200 Protection of existing rights) for the appropriate protection, if suitable, and would be pleased to discuss your requirements.
Churchouse Financial Planning Limited is authorised and regulated by the Financial Services Authority.
