Compliance And Anti-Avoidance

Spreading of Tax Relief for Pension Contributions

Legislation will be introduced in the Finance Bill 2008 to ensure that the rules that spread tax relief for large employer pension contributions relative to their contribution in the previous year cannot be circumvented by routing them through a new company. The measure will have effect for payments made on or after 10 October 2007 under binding obligations entered into on or after 9 October 2007.