Issue date of consultation: 24 May 2011
Date of response: 16 August 2011
The Government is consulting on changing the tax rules around employer asset-backed contributions to defined benefit registered pension schemes. The proposed changes will limit the unintended tax relief that can arise from the ways some contributions are structured. The aim is to ensure that the amount of tax relief given to employers accurately reflects the value of the contributions received by pension schemes, while preserving flexibility for both employers and pension schemes to use these arrangements to manage pension deficits.