in

UK Government Confirms Abolition of Lifetime Allowance for Pension Savings by April 2024

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

If you are already registered, please click on the provided link to log in.

If you encounter any issues with your access or would like to apply for a personal access account, please get in touch with our customer service team.

Contact number: +44 (0) 1858 438800

Contact information: [email protected]

Explore opportunities for global

Supported by

Select a subject from the collection provided

Material organized by geographical area

Highlighted material

Associated titles

Supported by

Explore opportunities for investing

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

If you are already registered, please click on the link provided to log in.

If you encounter any difficulties with your access or wish to obtain a personal access account, please reach out to our customer service team.

Contact the phone number +44 (0) 1858 438800.

Contact information: You can reach me via email at

The UK government is on track to eliminate the lifetime allowance (LTA) for pension savings by April 6th, 2024. This removal, which sets the maximum amount individuals can contribute to a pension pot without incurring tax charges, was announced during the Spring Budget. Official documents released alongside the Autumn Statement speech on November 22nd confirmed that the government plans to pass legislation in the Autumn Finance Bill of 2023 to abolish the lifetime allowance. This measure will also provide clarity regarding the taxation of lump sums and lump sum death benefits.

In order to access the full content of this

Become a member of International Investment today.

Access exclusive perks reserved for members only.

Become a member

Already a member of International Investment? Sign in to your account.

Featured author

Jenna Brown

Assistant Editor

Additional information provided by Jenna Brown

The Financial Conduct Authority (FCA) is suggesting the implementation of an investment advice redress

The company Royal London has acquired the later life lender Responsible Group.

Additional information about retirement plans

The Swedish Fund Selection Agency has announced a plan to allocate €17 billion in mandates.

In the Autumn Statement, Hunt shows support for the triple lock system by proposing an 8.5% increase in state pensions.

Jeremy Hunt is set to announce reforms to the pension system that would allow individuals to receive lifelong

This information is the property of Incisive Business Media (IP) Limited and is published by Incisive Business Media Limited. Their registered office is located at New London House, 172 Drury Lane, London WC2B 5QR. The company is registered in England and Wales with the company registration numbers 09177174 & 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

The Path to Sustainable and Profitable Adviser Firms: Putting Clients First

UK Government Confirms Abolition of Lifetime Allowance for Pension Savings by April 2024