Tax Collected from Lifetime Pension Allowance Soars 1000%
Government windfall rises to £110 million from £10 million in 10 years.
Government windfall rises to £110 million from £10 million in 10 years.
New program could grow to $1.5 trillion by 2025.
Dean says university will refrain from making long-term commitments due to 1.4% excise tax.
More than a dozen public companies announced nearly $8.5 billion in contributions last week.
New 1.4% tax on private colleges’ investment income could be a ‘harbinger’ for non-profit entities.
The forced ‘Rothification’ of defined contribution plans would be a disaster, say industry experts.