Pensions lifetime allowance

Are you caught by the pensions lifetime allowance cut?

April 2016 saw the pension lifetime allowance (LTA) cut, for the third time in 4 years, from £1.25M to £1M. The LTA is now lower than when it was introduced in 2006 and will only increase each year in line with inflation starting from 6 April 2018.

The lifetime allowance is important because it sets the maximum amount of pension saving you can build up over your life, that benefits from tax relief.

Download our brochure to find out more.

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