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The UK's plan to eliminate the lifetime allowance (LTA) for pension savings is still on track and will be fully implemented by 6 April 2024, according to official documents. The LTA, which sets a limit on the amount individuals can contribute to their pension pot without incurring tax charges, was announced to be abolished in the Spring Budget. The government plans to pass legislation in the Autumn Finance Bill 2023 to remove the lifetime allowance, which will also address the taxation of lump sums and lump sum death benefits.
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Shining a light on the author, Jenna Brown, who holds the position
Additional content by Jenna Brown
The Financial Conduct Authority (FCA) is suggesting a new framework for investment advice redress,
Royal London has acquired Responsible Group, a lender that specializes in providing financial solutions
Additional Information on Pensions
The Swedish Fund Selection Agency has revealed its €17 billion proposal for a mandate plan.
In the Autumn Statement 23, Hunt expresses support for the triple lock policy, which guarantees a minimum annual increase in state pensions by
Jeremy Hunt is set to announce pension reforms that will allow individuals to have a lifelong pot of
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