How new Isle of Man pension freedoms differ starkly from the UK
By Mark Battersby, 23 Feb 18
The Isle of Man budget on 20 February introduced the concept of pension freedoms to the island’s pensions legislation, setting out some stark differences to the already established UK rules.
Similarities
The reduction of annual allowance which can be paid into a pension and receive tax relief in the Isle of Man to £50k from £300k in line with UK’s approach in reducing lifetime and annual allowances in recent years.
Tags: David White | Isle Of Man | Pension Freedoms | QB Partners | UK Adviser
