Latest News with Lifetime Allowance tag

Lifetime Allowance Planning Options

25th October 2015

Pension plans are among the most effective ways to save for retirement, thanks to their tax and other advantages. That said, the Lifetime Allowance (LTA) limits the total amount an individual can accumulate and draw under the favourable tax treatment.  Any pension savings beyond the LTA are subject to tax of 25% (in case of […]