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 ...
Chancellor Jeremy Hunt will abolish the pensions Lifetime Allowance in a bid to retain GPs and other doctors, he announced as part of today’s Spring Budget. He said this formed part of a ...
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 ...
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 ...
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