The Ministry of Defence have been working to develop a suite of educational videos to add to those already hosted on their YouTube account. There are now five videos which provide an overview of pension taxation, including information on Annual and Lifetime Allowance, as well as how to determine if you may be liable to pay a tax charge on your pension savings, and if so, the process for paying that tax charge.
The videos also signpost areas where detailed, up to date information can be accessed. We hope that they will be useful in simplifying a complex topic for members.
Here’s the first in the series – an introduction to pension taxation…
The explainer videos cover the following: