We’re delighted to have worked together with our colleagues at Royal London to bring you this webinar exploring specifically the potential impact of the McCloud remedy on the pension tax allowances (Annual Allowance and Lifetime Allowance) of members of the Police Local Government Pension Scheme.
This webinar explores the potential impact of the McCloud remedy on the pension tax allowances (Annual Allowance and Lifetime Allowance) of members of the Local Government Pension Scheme (LGPS).
It also considers the impacts on Lifetime Allowance protections and looks at how interest may be added to payments and refunds and possibilities for compensation where a tax loss can’t be reclaimed.
This webinar is most likely to be suitable for scheme members whose growth in benefits has exceeded or come close to exceeding one of these allowances over one or more of the “remedy period” years. In order to benefit from this presentation, individuals will need to have an understanding of how the McCloud remedy works, either by listening to the appropriate Police Mutual overview presentation or from reliable information provided elsewhere.
Please note the contents of this webinar are only suitable for member of the Local Government Pension Scheme (LGPS), there are alternative webinars for other types of Police Pension Schemes.