Archive for Tag: LTA

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

Background The lifetime allowance taxwas 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...

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