From April 2014, the annual allowance for pension relief on pension contributions will reduce from £50,000 to £40,000.

The move is aimed at reducing tax relief for higher earners with lots of disposable income and comes in as many companies are required to move towards a system of pension auto-enrolment for employees.

To discuss how this change affects you and what your options are, contact Curo’s head of tax, Julia Whelan on 01527 558539 or email Julia on [email protected].