A saying brought to us by HMRC in 2010 and still used today as a gentle reminder to file your tax return and look out your cheque book. This saying was first used to introduce the roll out of the tax simplification system…and each subsequent year a further layer of complexity is added. In the […]
Category: Pensions Lifetime Allowance
Pension Lifetime Allowance – how thousands of UK savers may be affected by proposed changes
Proposed Pension Lifetime Allowance changes: Glasgow Wealth financial adviser Ian Brunton discusses the Lifetime Allowance and the latest proposed changes. As chancellor Rishi Sunak wrestles with the significant task of how to reduce the government deficit, made substantially worse by the measures put in place through the Covid-19 pandemic, it seems clear that he sees […]
Pension Lifetime Allowance Changes 2016
On 6th April 2016, significant new pension legislation will come into effect that will markedly increase the number of pension savers and scheme members who may be affected by the lifetime allowance (the limit on value that may be saved within a pension scheme without incurring significant capital tax charges). The current allowance of £1.25m […]