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 ...

On the go: The lifetime allowance should be scrapped as it penalises disciplined savers, the chief executive of PensionBee has said. Speaking at FTAdviser’s Later Life Summit, Romi Savova said there ...

Talk of the ticking pension time bomb is all very familiar. While nobody denies it will be one of the major economic issues of this century, there are problems at the other end of the wealth scale, ...

Failure to increase the lifetime pension saving allowance could severely limit the future income in retirement of younger savers, according to research published by insurer Zurich. It has produced ...

Labour leader Sir Keir Starmer said Chancellor Jeremy Hunt’s Budget announcement ‘is a huge giveaway to some of the very wealthiest’. More generous tax-free pensions allowances in the Budget have been ...

A brutal and badly planned pensions tax that swallows 55 percent of people’s retirement savings is set to wreak even more havoc as Chancellor Kwasi Kwarteng no longer has the political capital to ...

There was a rare piece of good news for pension savers on Saturday, when the pensions lifetime allowance was finally axed. Enjoy it while it lasts, because the Labour Party is hellbent on bringing it ...