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Autumn Budget 2018: LTA to rise with inflation
As of next April, the Lifetime Allowance (LTA) will rise in line with inflation to £1,055,000, it was announced today (29/10/2018) in the Autumn Budget. The LTA, essentially a stealth tax on investment success, has been progressively whittled away to boost the Treasury coffers since it was introduced in 2006 by the then chancellor Gordon […]
Mind the LTA Gap
It’s easier than you think to run up against the pensions lifetime allowance, says David Prosser. Although the government insists that the lifetime allowance (LTA) on pension funds is a tax that hits only a handful of very wealthy savers, it affects more people than you might think. HM Revenue & Customs is raising steadily […]