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 ...
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 ...
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 ...
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 should ...
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 ...
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 ...
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