The pension lifetime allowance has been scrapped in a surprise announcement by the chancellor Jeremy Hunt. As part of the Spring Budget, Hunt also hiked the £40,000 pension annual allowance to £60,000 ...
It’s a nice problem to have, but growing numbers of savers are running into the pensions lifetime allowance – a lifetime limit on the size your pension pot can grow to before being taxed (rather than ...
On the go: The lifetime allowance should be scrapped as it penalises disciplined savers, the chief executive of PensionBee has said. Speaking at FTAdviser’s Later Life Summit, Romi Savova said there ...
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As the third part of his plans to get older people back into work, the chancellor announced plans to abolish the lifetime allowance limit on pensions. Jeremy Hunt told the Commons: “Finally, I have ...
On the go: The pensions lifetime allowance is set to rise to £1,078,900 after inflation was confirmed at 0.5 per cent this morning. The pensions LTA, currently set at £1,073,100, increases every year ...
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How to avoid paying too much tax on your pensions
No-one wants to pay more tax than they need to at any stage of life, but it’s particularly important to avoid paying too much tax on your pension when drawing down on your savings. The key to reducing ...
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