The Chancellor’s recent budget statement has made my recent post on the Lifetime Allowance (LTA) somewhat obsolete. To help you understand what the pension changes mean for you, your scheme and SSASs in general, keep reading. What we expected In his pre-budget statement, the chancellor stated that the LTA would be increased which would have … Continue reading Lifetime Allowance – post budget update
Lifetime Allowance (LTA) and your 75th birthday
One of the questions we are frequently asked by SSAS clients is regarding the lifetime allowance or LTA – how does it work and can I be caught out by it? There isn’t a limit on the amount of detail you can go into regarding the LTA and how it affects all types of pension … Continue reading Lifetime Allowance (LTA) and your 75th birthday