It's complicated: Advising on pension allowance cuts


Jenna Towler

The lifetime allowance is being cut to £1.25m next year but, as Jenna Towler discovers, it is the interference with the annual allowance that's the real ‘advice point'.

The maximum amount savers can put into a pension scheme, before being hit with, in one adviser's words, "the hideous tax charge of 55%", is coming down from £1.5m to £1.25m in April next year. The government...

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