As employers will be aware, the lifetime allowance (LTA) will be abolished from 6 April 2024. The LTA is the maximum amount of tax-relieved savings that an individual can build up in registered ...
Pensions tax is never simple, and the legislation abolishing the lifetime allowance (LTA) on 6 April 2024 (“L-Day”) bears this out. Regulations issued mid-March correct some, but by no means all, of ...
A growing number of industry figures haved called for the lifetime allowance to be scrapped as part of HM Treasury’s review of pension tax relief. New research by AJ Bell showed that the vast majority ...
Labour leader Sir Keir Starmer said Chancellor Jeremy Hunt’s Budget announcement ‘is a huge giveaway to some of the very wealthiest’. More generous tax-free pensions allowances in the Budget have been ...
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 ...
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 ...
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