Ahead of the Budget announcement, Trafalgar House’s Karla Bradstock explores the current state of play with the lifetime allowance. Last year’s autumn statement confirmed that the lifetime allowance ...

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 ...

In April 2006, the government introduced a lifetime limit on the amount that can be held in a pension free of tax. Today, the lifetime allowance is £1.25m. People who have, or expect to have, more ...

At the start of the new tax year, the standard lifetime allowance for pension savers will be reduced for the second time since 2011, from £1.5m to £1.25m. This change, which will come in from 6 April, ...

I am in receipt of a final salary pension, the income from which is attracting increasing amounts of higher-rate tax (40pc). When I was in employment, I had approached the lifetime allowance, and was ...

The Finance Bill published at the end of 2023 confirmed the government is pushing ahead with the abolition of the lifetime allowance (LTA) from 6 April. This is a very short and, I believe, ...

Savers with large pensions are keen to know whether Labour plans to curb how much you can save for retirement without facing a tax penality. The Tory Government abolished the old £1.073million ...