Pension lifetime allowance cuts on the horizon
New HMRC statistics show the lifetime allowance continues to be a useful revenue earner for HM Treasury, but rumoured cuts at the next Budget could be a concern for soon-to-be retirees.
New HMRC statistics show the lifetime allowance continues to be a useful revenue earner for HM Treasury, but rumoured cuts at the next Budget could be a concern for soon-to-be retirees.
The standard lifetime allowance freeze announced in the Budget will have a big impact on those approaching retirement.
An obscure adjustment to old pension benefits, mandated by the courts, might cost some pension owners many thousands in additional tax.
The interim procedure for claiming the 2016 pension protections has come to an end.
One of the features of the political cycle is that the more difficult legislation tends to come at the start of a term. Tax changes are no different.