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lump sum

Displaying items by tag: lump sum

The lifetime allowance may have been consigned to the annals of history but the various forms of protection are still relevant in the new world, especially when it comes to the amount of pension commencement lump sum (PCLS) that can be taken.

Published in Comment and Blogs

HMRC is to reform the system by which it currently applies emergency tax codes to pension lump sum withdrawals.

Published in Articles
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Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.

Published in Articles
Tuesday, 19 September 2023 10:30

Lisa Webster: 2024 – year of unlimited PCLS?

The consultation on the draft legislation for the removal of the lifetime allowance (LTA) has now closed. The industry has given its views and now we have to wait and see what changes – if any – are made to the clauses published so far.

Published in Comment and Blogs