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Advisers hope for Revenue clarification in Budget on employer pension contributions

Assurances that employer contributions of up to 100 per cent of salary will gain tax relief would be a major positive from the Budget, according to Central Financial Planning director Ian Smith.

Smith says the news Inland’s local tax inspectors will have discretion over employer contributions needs further clarification.
Looking at the wider picture, Smith does not expect any major developments on the pensions front given the glut of regulatory amendments published by the DWP and Inland Revenue in recent weeks.
He also expects the Government to produce a further Finance Act next Autumn as there will be insufficient time to finalise a full one before the pending election.

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