Further plans will be outlined in autumn, to encourage investment from defined contribution pension funds into the UKs innovative sector.
Employers and Trustees should review their pension arrangements to ensure they are updated for these changes, including considering where there may be opportunities for members to make additional contributions and to adjust their arrangements for the lifetime allowance tax charge removal and money purchase allowance increase.
For more information, or to discuss this further, please contact Shona Harvie or your usual Crowe contact.