PerioDiC - July 2017

Reduction to the Money Purchase Annual Allowance

You may recall that the reduction to the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000, planned for 6 April 2017, was dropped from the Finance Act 2017 due to limited parliamentary time in the run up to the general election. The Government  confirmed on 13 July 2017 that it will push forward with legislation to implement the reduction retrospectively from the original planned date.