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 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 ...
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 ...
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 ...
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 ...
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