Budget 2006 _ Pensions Cash Recycling

Published / Last Updated on 22/03/2006

The Government have changed the pension laws that start on 6 April to allow a part 'recycling' of tax free cash into another pension fund and then claiming tax relief.

In simple terms, provided no more than 30% of any lump sum is reinvested or where the lump sum is below £15,000, no block will be placed on 'recycling' cash.

Budget 2006 _ Inheritance Tax Nil Rate Band Up

Budget 2006 _ Pension Funds and Inheritance Tax Concession