Our research shows that 57% of employers believe the reductions in lifetime and annual allowances being introduced from April 2016 will impact their staff with 14% affecting a significant number.

HMRC have estimated that the reducing annual allowances will impact over 300,000 employees.

This could mean that people could face a tax bill without even realising it.

It is imperative that companies communicate these changes and give their staff access to specialist guidance and advice to help them to be aware of the changes and the planning opportunities available.