Archive for Tag: lifetime allowance

Lifetime Allowance (LTA) Tax charges and Levels of Protection available.

The lifetime allowance tax was introduced in 2006 at a level of £1.5 million. It then increased each year to 2010,when it reached a level of £1.8 million. Since 2010, there have been a number of pension reforms which have led to the lifetime allowance being reduced. Its current level in the 2016-17...

Read More