{"id":906,"date":"2013-11-25T19:21:22","date_gmt":"2013-11-25T19:21:22","guid":{"rendered":"http:\/\/my-brains.co.uk\/jackross\/blog\/?p=906"},"modified":"2013-11-25T19:21:22","modified_gmt":"2013-11-25T19:21:22","slug":"pensions-allowance-cuts-loom","status":"publish","type":"post","link":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/","title":{"rendered":"Pensions allowance cuts loom"},"content":{"rendered":"<p>On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It&#8217;s likely to affect a greater number of individuals than what Government figures suggest, according to pension provider Standard Life.<\/p>\n<p>What&#8217;s changing?<\/p>\n<ul>\n<li>The <strong>maximum <\/strong>value of pension savings an individual can accrue in their lifetime before a tax charge is triggered will<strong> fall from \u00a31.5 million to \u00a31.25 million<\/strong><\/li>\n<li>The <strong>maximum<\/strong> amount you can make in pension contributions each year without attracting a tax charge <strong>is reducing from \u00a350,000 to \u00a340,000<\/strong>.<\/li>\n<\/ul>\n<p>Who will be affected?<\/p>\n<p>According to Standard Life, the change to the lifetime allowance will immediately affect 30,000 people, and 360,000 in the longer term. This is more than the one per cent of pension savers that HMRC originally envisaged would be affected. Nearly \u00a3250 billion worth of accumulated pension savings could be at risk, according to Standard Life.<\/p>\n<div>\n<p><em>Plan ahead and talk to us about the different options to protect your pension savings<\/em><em>.<\/em><em><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It&#8217;s likely to affect a greater number of individuals than what Government figures suggest, according to pension provider Standard Life. What&#8217;s changing? The maximum value of pension savings an individual can accrue in their lifetime before a tax charge is&hellip;&nbsp;<a href=\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Pensions allowance cuts loom<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":""},"categories":[20,21,5,12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pensions allowance cuts loom - Manchester Chartered Accountants<\/title>\n<meta name=\"description\" content=\"On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It&#039;s likely to affect a greater number of individuals than\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pensions allowance cuts loom - Manchester Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It&#039;s likely to affect a greater number of individuals than\" \/>\n<meta property=\"og:url\" content=\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\" \/>\n<meta property=\"og:site_name\" content=\"Manchester Chartered Accountants\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/jackrosstax\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-25T19:21:22+00:00\" \/>\n<meta name=\"author\" content=\"Jack Ross\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jack Ross\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\"},\"author\":{\"name\":\"Jack Ross\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/d65ae99f63f346e53c611cb62a38c818\"},\"headline\":\"Pensions allowance cuts loom\",\"datePublished\":\"2013-11-25T19:21:22+00:00\",\"dateModified\":\"2013-11-25T19:21:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\"},\"wordCount\":157,\"publisher\":{\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#organization\"},\"articleSection\":[\"Business Advice\",\"Pensions\",\"Tax\",\"Wealth Management\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\",\"url\":\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\",\"name\":\"Pensions allowance cuts loom - Manchester Chartered Accountants\",\"isPartOf\":{\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#website\"},\"datePublished\":\"2013-11-25T19:21:22+00:00\",\"dateModified\":\"2013-11-25T19:21:22+00:00\",\"description\":\"On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It's likely to affect a greater number of individuals than\",\"breadcrumb\":{\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/my-brains.co.uk\/jackross\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pensions allowance cuts loom\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#website\",\"url\":\"http:\/\/my-brains.co.uk\/jackross\/\",\"name\":\"Jack Ross Chartered Accountants Manchester\",\"description\":\"Manchester Accountants &amp; Manchester Xero Accountants\",\"publisher\":{\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/my-brains.co.uk\/jackross\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#organization\",\"name\":\"Jack Ross Chartered Accountants\",\"url\":\"http:\/\/my-brains.co.uk\/jackross\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/my-brains.co.uk\/jackross\/wp-content\/uploads\/2019\/10\/Jack-Ross-Chartered-Accountants-Logo-Main.jpg\",\"contentUrl\":\"http:\/\/my-brains.co.uk\/jackross\/wp-content\/uploads\/2019\/10\/Jack-Ross-Chartered-Accountants-Logo-Main.jpg\",\"width\":776,\"height\":889,\"caption\":\"Jack Ross Chartered Accountants\"},\"image\":{\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/jackrosstax\",\"https:\/\/twitter.com\/JackRossTax\"]},{\"@type\":\"Person\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/d65ae99f63f346e53c611cb62a38c818\",\"name\":\"Jack Ross\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ea18b292e0e84043a1fc20ddc78f9167?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ea18b292e0e84043a1fc20ddc78f9167?s=96&d=mm&r=g\",\"caption\":\"Jack Ross\"},\"url\":\"https:\/\/my-brains.co.uk\/jackross\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pensions allowance cuts loom - Manchester Chartered Accountants","description":"On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It's likely to affect a greater number of individuals than","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/","og_locale":"en_GB","og_type":"article","og_title":"Pensions allowance cuts loom - Manchester Chartered Accountants","og_description":"On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It's likely to affect a greater number of individuals than","og_url":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/","og_site_name":"Manchester Chartered Accountants","article_publisher":"https:\/\/www.facebook.com\/jackrosstax","article_published_time":"2013-11-25T19:21:22+00:00","author":"Jack Ross","twitter_misc":{"Written by":"Jack Ross","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/#article","isPartOf":{"@id":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/"},"author":{"name":"Jack Ross","@id":"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/d65ae99f63f346e53c611cb62a38c818"},"headline":"Pensions allowance cuts loom","datePublished":"2013-11-25T19:21:22+00:00","dateModified":"2013-11-25T19:21:22+00:00","mainEntityOfPage":{"@id":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/"},"wordCount":157,"publisher":{"@id":"http:\/\/my-brains.co.uk\/jackross\/#organization"},"articleSection":["Business Advice","Pensions","Tax","Wealth Management"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/","url":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/","name":"Pensions allowance cuts loom - Manchester Chartered Accountants","isPartOf":{"@id":"http:\/\/my-brains.co.uk\/jackross\/#website"},"datePublished":"2013-11-25T19:21:22+00:00","dateModified":"2013-11-25T19:21:22+00:00","description":"On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It's likely to affect a greater number of individuals than","breadcrumb":{"@id":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/my-brains.co.uk\/jackross\/pensions-allowance-cuts-loom\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/my-brains.co.uk\/jackross\/"},{"@type":"ListItem","position":2,"name":"Pensions allowance cuts loom"}]},{"@type":"WebSite","@id":"http:\/\/my-brains.co.uk\/jackross\/#website","url":"http:\/\/my-brains.co.uk\/jackross\/","name":"Jack Ross Chartered Accountants Manchester","description":"Manchester Accountants &amp; Manchester Xero Accountants","publisher":{"@id":"http:\/\/my-brains.co.uk\/jackross\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/my-brains.co.uk\/jackross\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"http:\/\/my-brains.co.uk\/jackross\/#organization","name":"Jack Ross Chartered Accountants","url":"http:\/\/my-brains.co.uk\/jackross\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/logo\/image\/","url":"http:\/\/my-brains.co.uk\/jackross\/wp-content\/uploads\/2019\/10\/Jack-Ross-Chartered-Accountants-Logo-Main.jpg","contentUrl":"http:\/\/my-brains.co.uk\/jackross\/wp-content\/uploads\/2019\/10\/Jack-Ross-Chartered-Accountants-Logo-Main.jpg","width":776,"height":889,"caption":"Jack Ross Chartered Accountants"},"image":{"@id":"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/jackrosstax","https:\/\/twitter.com\/JackRossTax"]},{"@type":"Person","@id":"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/d65ae99f63f346e53c611cb62a38c818","name":"Jack Ross","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ea18b292e0e84043a1fc20ddc78f9167?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ea18b292e0e84043a1fc20ddc78f9167?s=96&d=mm&r=g","caption":"Jack Ross"},"url":"https:\/\/my-brains.co.uk\/jackross\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/posts\/906"}],"collection":[{"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/comments?post=906"}],"version-history":[{"count":0,"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/posts\/906\/revisions"}],"wp:attachment":[{"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/media?parent=906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/categories?post=906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/my-brains.co.uk\/jackross\/wp-json\/wp\/v2\/tags?post=906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}