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&#39Govt has miscalculated pension limit&#39

Shadow secretary of state for work and pension David Willetts is claiming the Treasury has miscalculated the £1.4m pensions lifetime limit and that it is a stealth tax.

In a letter to Chancellor Gordon Brown he says a limit of £1.73m would be necessary to match the present earnings limit.

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Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).

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