USS|Tax considerations news

Welcome to USS tax news. Below you will find the latest news and updates regarding tax changes and how this affects your pension with USS.

______________________________________________________________________

Tax considerations

Changes to the Money Purchase AVCs arrangement with Prudential

As previously communicated, we have made some changes to the Money Purchase AVCs (MPAVC) arrangement with Prudential.

Tax considerations

Proposed changes to money purchase annual allowance - do they affect me?

The government has plans to reduce the Money Purchase Annual Allowance (“MPAA”) from £10,000 per annum to £4,000 per annum from April 2017. While the proposed reduction is subject to a consultation and confirmation in regulations due in 2017, we’ve set out below a reminder of when the MPAA is triggered.

Tax considerations

Annual allowance scheme pays election

Annual allowance scheme pays election

Tax considerations

Pension scheme tax allowances

Changes to lifetime and annual allowances have been confirmed by HM Revenue & Customs.

Related information