Mike Morrison and an 'irksome' lifetime allowance case study

One of the things about our industry that I have long held a view on is that many of the most pressing questions and most relevant subjects rarely go away, and will often come around again after a period of time. In this respect, I have learnt that it's a good idea never to permanently ‘file your papers', but instead to keep everything ‘pending' until the issue comes back again. So, take the following, amended case study: • Peter is 45 today and wishes to retire at 65. • He is married and his wife is currently a non-taxpayer. • His pension scheme is currently worth £500,000, consis...