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, ...

Pensions tax is never simple, and the legislation abolishing the lifetime allowance (LTA) on 6 April 2024 (“L-Day”) bears this out. Regulations issued mid-March correct some, but by no means all, 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 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 ...

Advisers are facing the prospect of a spate of complaints relating to clients that have breached the new lower pension lifetime allowance, according to one solicitor that is currently handling three ...

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 ...

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A brutal and badly planned pensions tax that swallows 55 percent of people’s retirement savings is set to wreak even more havoc as Chancellor Kwasi Kwarteng no longer has the political capital to ...

There was a rare piece of good news for pension savers on Saturday, when the pensions lifetime allowance was finally axed. Enjoy it while it lasts, because the Labour Party is hellbent on bringing it ...