Browsing: lifetime allowance News
Despite widespread speculation, the anticipated pension reforms in the Autumn Budget did not materialise.Chancellor Rachel Reeves introduced a £40bn tax increase without impacting workplace pensions.Rumoured changes…
Regulatory corrections have been set in motion to address errors in the lifetime allowance (LTA) abolition legislation.The LTA, which capped tax-free pension savings, officially ceased on…
Reports indicate that Labour is reconsidering plans on pension tax relief changes.Concerns arose over potential impacts on state employees with modest incomes.Treasury officials allegedly opposed the…
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