Hogan Lovells

Key Dates

The Finance (No. 2) Act 2017 received Royal assent on 16 November 2017.

Provisions relating to employer-arranged advice and the reduction in the money purchase annual allowance will apply from 6 April 2017.


Summary

As expected, the Finance (No.2) Act 2017 contains provisions relating to pensions which were withdrawn from the Finance Bill which went through Parliament earlier this year, ahead of the general election.

The pension provisions in the new Act provide for:

Both sets of pension provisions will have retrospective effect from the start of the 2017/18 tax year.



Date Accessed: 03/12/2021