The pension lifetime allowance has been scrapped in a surprise announcement by the chancellor Jeremy Hunt. As part of the Spring Budget, Hunt also hiked the £40,000 pension annual allowance to £60,000 ...

The Autumn Statement confirmed that the lifetime allowance (LTA) will be abolished from 6 April 2024 (“L-Day”). The legislation to achieve this is contained in the Finance Bill, issued on 29 November, ...

Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of ...

On the go: The lifetime allowance should be scrapped as it penalises disciplined savers, the chief executive of PensionBee has said. Speaking at FTAdviser’s Later Life Summit, Romi Savova said there ...

The lifetime allowance limit on pensions is being abolished in a bid to help get older people back into work, the Chancellor has announced as part of his spring budget. Jeremy Hunt said no one should ...

Jeremy Hunt has scrapped the lifetime allowance cap on tax-free pensions savings – which stood at £1m – in a major boost for well-off Britons. Labour said the chancellor’s decision to unveil generous ...

As the third part of his plans to get older people back into work, the chancellor announced plans to abolish the lifetime allowance limit on pensions. Jeremy Hunt told the Commons: “Finally, I have ...

@2024 - All Right Reserved.

The lifetime allowance of £1m may be an "unwanted beast", but it should not deter people from contributing to a pension, according to Tilney Bestinvest. Gary Smith, financial planner with Tilney, said ...