There are significant issues surrounding both the annual and lifetime allowances, particularly with regard to how these are applied to different types of pension schemes and the challenges this brings ...

The Autumn Statement confirmed that the lifetime allowance (LTA) will be abolished from 6 April 2024 (“L-Day”). The legislation to achieve this is contained in the Finance Bill, issued on 29 November, ...

Pensions tax is never simple, and the legislation abolishing the lifetime allowance (LTA) on 6 April 2024 (“L-Day”) bears this out. Regulations issued mid-March correct some, but by no means all, of ...

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The pension lifetime allowance has been scrapped in a surprise announcement by the chancellor Jeremy Hunt. As part of the Spring Budget, Hunt also hiked the £40,000 pension annual allowance to £60,000 ...

Most people saving into a pension don't need to file a self-assessment tax return. However, there are some situations in ...

The Treasury has confirmed it will provide more detail on plans to ease the burden for pensioners as a campaign to get answers nears key threshold ...

More than 1.7 million people on Attendance Allowance will see payments rise by 3.8 per cent from April.