Deputy prime minister Angela Rayner proposed eight tax increases before the Spring Statement in March, submitting them to the Treasury in a “secret memo”, according to a recent report. One of the ...
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 ...
Ahead of the Budget announcement, Trafalgar House’s Karla Bradstock explores the current state of play with the lifetime allowance. Last year’s autumn statement confirmed that the lifetime allowance ...
Labour leader Sir Keir Starmer said Chancellor Jeremy Hunt’s Budget announcement ‘is a huge giveaway to some of the very wealthiest’. More generous tax-free pensions allowances in the Budget have been ...
As employers will be aware, the lifetime allowance (LTA) will be abolished from 6 April 2024. The LTA is the maximum amount of tax-relieved savings that an individual can build up in registered ...
The cut to the lifetime allowance will mean individuals who have not previously been granted primary, enhanced or fixed protection will potentially face a lifetime allowance charge on pension benefits ...
Failure to increase the lifetime pension saving allowance could severely limit the future income in retirement of younger savers, according to research published by insurer Zurich. It has produced ...
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