As employers will be aware, the lifetime allowance (LTA) will be abolished from 6 April 2024. The LTA is the maximum amount of tax-relieved savings that an individual can build up in registered ...

The lifetime allowance of £1m may be an "unwanted beast", but it should not deter people from contributing to a pension, according to Tilney Bestinvest. Gary Smith, financial planner with Tilney, said ...

On the go: The lifetime allowance should be scrapped as it penalises disciplined savers, the chief executive of PensionBee has said. Speaking at FTAdviser’s Later Life Summit, Romi Savova said there ...

I retired in 2020 at the age of 60 and took what I understood at the time to be the maximum 25 per cent tax-free cash from two different pension schemes. At the time, everything was handled correctly.