To try and create a level playing field on pension scheme taxation, the benefit-in-kind (BIK) charge on employer contributions to an employee’s personal retirement savings accounts (PRSA) pension pot was removed through legislative changes in the Finance Act 2022.  There are now clear signs that this is set to change in the next budget. The changes to the pension system were brought in with a laudable aim to encourage more directors and employees to use PRSAs for their retirement savings. The first year where the new rules came into effect was 2023.  Before enactment, however, experts across two divisions of…

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