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 Update to Money Purchase Annual Allowance

The reduction in the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 was dropped from the Finance Bill 2017 due to the snap election. However, the Government has now confirmed that the cut will be included in a new Finance Bill and the intention is that the £4,000 MPAA will apply retrospectively from 6 April 2017.

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