Displaying items by tag: lifetime allowance
Lisa Webster: A lifetime's wait but a fix is in sight
I have recently returned from nearly two months away from anything to do with pensions (well, aside from deciding I need a bigger fund to spend more time in all the places we visited, once we don’t have the kids in tow!).
Record LTA charges could see it being reinstated
New figures from HMRC have revealed that pensions lifetime allowance (LTA) penalty charges added a record £516m to the Treasury’s coffers in 2022-23, the last full year before it was abolished in April this year.
Lisa Webster: LTA debate put to bed - for now
The recent news that Labour has ditched plans to re-instate the lifetime allowance is certainly welcome.
Labour may abandon reintroduction of LTA - reports
The Labour Party may abandon its pledge to reinstate the lifetime pensions allowance (LTA), according to a report in the FT.
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.