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The LTA, previously standing at £1,073,100, was the maximum amount you can take out of your pension fund in your retirement without incurring an extra tax
Could recent proposals from the Association of British Insurers (ABI) to allow pension withdrawals to be made tax-free – or at a reduced rate – if used for care costs be a realistic option for self-funders?
An article written for Actuarial Post by Fiona Tait from Intelligent pensions asking is the LTA gone for good
The increase to the pension annual allowance (AA) from £40,000 to £60,000 announced in the Spring Budget is “exciting news” for advice with clients already contacting firms with queries.
In the second of a series of post-Autumn Statement technical articles, Les Cameron looks at en vogue bonds – but also questions if they have ever been out of favour…