in

Abolition of UK Lifetime Allowance for Pension Pot Set for April 2024: What You Need to Know

You are currently using your Enterprise account to access International Investment.

If you are already registered, please click on the provided link to log into your account.

If you encounter any issues with your access or need to request a personal access account, please get in touch with our customer service team.

Contact number: +44 (0) 1858 438800

Electronic mail: [email protected]

Looking for information on

Supported by

Select a subject from the provided options.

Information organized by geographical areas.

Highlighted material.

Titles that are connected.

Supported by advertisers.

Explore opportunities for international

You are currently using your Enterprise account to access International Investment.

If you are already a registered user, kindly click on the link provided below to log in.

If you encounter any difficulties with accessing something or if you would like to have a personal account for access, please get in touch with our customer service team.

Contact number: +44 (0) 1858 438800

Electronically mailed message: [email protected

The UK government is still on track to abolish the lifetime allowance (LTA) for pension savings by April 6, 2024, according to official documents. The LTA is the maximum amount individuals can contribute to their pension pot without incurring tax charges. This decision was announced in the Spring Budget and will be enacted through the Autumn Finance Bill 2023. The new legislation will also address the taxation of lump sums and lump sum death benefits.

If you want to keep reading this article…

Become a part of International Investment by joining us today.

Gain access to exclusive perks and advantages reserved only for

Sign up now

Are you already a member of International Investment? Sign in to your account.

Highlighting an author

Jenna Brown

Assistant Editor

Additional information from Jenna Brown

The Financial Conduct Authority (FCA) has suggested the implementation of an investment advice redress framework

Royal London has purchased the later life lending company, Responsible Group.

Further information about pensions is available. The Swedish Fund Selection Agency has announced a plan to allocate €17 billion in mandates.

In the Autumn Statement 23, it was announced that Hunt supports the triple lock policy by proposing an 8.5% increase in

Jeremy Hunt is set to announce pension reforms that will allow individuals to receive a lifetime pension in

This information is the property of Incisive Business Media (IP) Limited. It is published by Incisive Business Media Limited and is located at New London House, 172 Drury Lane, London WC2B 5QR. The company is registered in England and Wales with the registration numbers 09177174 and 09178013. Incisive Business Media Limited is a part of the Arc network, which can be found at www.arc-network.com.

What do you think?

Written by

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Barnsley Expelled from FA Cup for Fielding Ineligible Player: A Costly Mistake

Achieving Sustainability and Profitability: A Focus on Client-Focused Adviser Firms