Posted by admin - February 13, 2017 8:53 am
Lifetime Allowances – changes to pensions
The Lifetime Allowance (“LTA”) is the maximum value an individual can hold in their pension fund before tax becomes payable. Tax changes to this allowance came into effect on 6 April 2016. Here Lee Giles, Chartered Financial Planner of Argentis Financial Management Limited, provides an update on LTAs and the impact of these on taxes.
