Budget 2012: Asset-backed pension contributions

On 29 November 2011, the government announced that legislation would be introduced to change the tax rules in relation to employer asset-backed pension contributions, with effect from the date of the announcement.

On 22 February 2012, the government published further legislation, with immediate effect, to limit the circumstances in which up-front relief can be given to asset-backed arrangements in line with the original policy aim.

Further changes to the previously published legislation and structured finance legislation have been announced with effect from 21 March 2012 in the Finance Bill 2012.

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