The Autumn Statement confirmed that the lifetime allowance (LTA) will be abolished from 6 April 2024 (“L-Day”). The legislation to achieve this is contained in the Finance Bill, issued on 29 November, ...
What is the pensions annual allowance in 2025-26? When you save into a pension you benefit from tax relief, which means you don't have to pay income tax on the contributions. However, the government ...
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 ...
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 ...
Navigating the world of pensions isn’t always easy, particularly because the tax rules associated with saving for retirement are complicated and have changed a lot over the years as governments have ...
Changes to allowances will take effect in April – Aries Insight's Ian Neale explains what they mean and who will be affected. At different times from A-Day (April 6 2006), new forms of protection have ...