Changes to pensions schemes: potential pitfalls for high earners

Where a company is looking at making a material change to the way in which benefits under its pension scheme are provided after 22 April 2009, and/or the company is proposing to introduce a new arrangement in relation to an individual (such as providing defined contribution benefits to employees after closing a defined benefit arrangement to future accrual) there could be adverse tax consequences for high earning individuals.

Read more on the issue from Wragge & Co's pensions experts and tips for action to take.