The lifetime allowance was the limit someone could build up in their pension without attracting a tax charge · BrianAJackson via Getty Images After months of speculation, it looks like the lifetime ...
WHEN it was introduced by the Labour Government in 2006, the lifetime allowance was supposed to work as a tax on the pensions of the rich. Initially set at £1.5 million, the allowance was meant to be ...
When someone retires, the amount crystallised on a ‘benefit crystallisation event’ will show if they are breaking through the lifetime allowance of £1m, but some can avoid that by protecting a higher ...
Mr Hunt’s team has also looked at a possible increase in the lifetime allowance (LTA) on pension savings, another tweak Mr Hunt’s team has looked at. The tax-free lifetime amount could rise from ...
Changes to allowances will take effect in April – Aries Insight's Ian Neale explains what they mean and who will be affected. At different times from A-Day (April 6 2006), new forms of protection have ...
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