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Momentum welcomes removal of benefit in kind tax on pensions advice

Momentum Financial Services pensions specialist Mark Stopard says the group is particularly pleased that the Chancellor has decided to remove the benefit in kind tax charge where an employer pays for pensions advice for their workforce up to £150 per employee per year.
Stopard says: “This removes a significant disincentive for pensions advice in the workplace which is one of the most effective ways of increasing pension provision and starting to tackle the £27bn annual savings gap.”

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