Displaying items by tag: lifetime allowance
James Jones-Tinsley: LTA axe – an ‘Unfinished Symphony?’
We’re now in the new tax year and the Lifetime Allowance has officially been abolished – well, for now at least.
James Jones-Tinsley: LTA priorities need sorting
The government must get its pension priorities right, as the lifetime allowance (LTGA) abolition draws nearer, writes James Jones-Tinsley of Barnett Waddingham.
Govt presses ahead with LTA abolition despite concerns
The Government has issued a new Financial Bill which includes the legal mechanism for the abolition of the pensions Lifetime Allowance (LTA).
Lisa Webster: LTA axe leaves many questions
As Benjamin Franklin, one of the founding fathers of the US, famously said: “In this world, nothing is certain except death and taxes.” When it comes to the realm of pension saving in the UK this is certainly true.
Budget: Shock from Chancellor as LTA scrapped
Chancellor Jeremy Hunt shocked the pensions sector in his Budget today by announcing that he would 'scrap' the pensions Lifetime Allowance and increase the annual allowance from £40,000 to £60,000.
325,000 win protection from LTA breach risk
Over 325,000 people have successfully applied for protection against breaching the Lifetime Allowance, according to a Freedom of Information response.
Pensions LTA to rise by 0.5% in 2020/21
The Pensions Lifetime Allowance is set to rise by £5,800 to £1,078,000 next year following news today of the latest CPI inflation rate of 0.5%.
83% of Financial Planners want LTA scrapped
Over three quarters (83%) of Financial Planners want the Lifetime Allowance (LTA) scrapped due to the complexity of the rules and protections, according to a new poll.