Pension tax relief mixed messages ‘damage confidence’
As Treasury backtracks on reports lifetime allowance will be cut
Lifetime Allowance
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IHT threshold freeze to hit 31% of UK advice clients
But only 17% are set to suffer from frozen LTA
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Pension firm sets aside £3m over lifetime allowance failures
It is the ‘group’s best estimate’ of the future HMRC tax penalty
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LTA freeze to ‘stealthily drag thousands into the tax net’
As UK Treasury eyes extra £250m a year from the move
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UK pensions lifetime allowance set to increase by 0.5%
And government expected to keep triple lock promise with 2.5% rise in 2021/22
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UK pension savers to get £18k lifetime allowance boost
Consumer price index was unchanged in September after shock drop in August
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UK government urged to review pension allowances
HMRC told to work with schools to improve public’s understanding of tax and finance
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Pension annual allowance penalties leap to £812m
Record 18,500 people punished for breaching limit in 2017-18
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Is shock inflation drop a bad omen for the lifetime allowance?
LTA to increase in April 2020 by September CPI rate – but August figures disappoint
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UK expats in the Gulf risk breaching pension allowance
Generous schemes attract workers but could lay the groundwork for hefty future tax bills
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Thousands in UK lose lifetime allowance protection
People are facing ‘huge’ tax bills as a result – but a court ruling could give them a glimmer of hope
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Two schemes to protect your pension lifetime allowance
Current LTA is just over £1m but eligible individuals can lock-in 2016 rates