Autumn Budget 2017: Lifetime allowance increase confirmed

Increases in-line with CPI

Jenna Towler
clock
©HM Treasury
Image:

©HM Treasury

Budget papers have confirmed the lifetime allowance (LTA) for pensions will increase to £1,030,000 for the tax year 2018/19.

The LTA currently stands at £1m and is about to be increased in line with the Consumer Prices Index (CPI). The increase, which happens in April next year, will be calculated in line with the change...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Have your say in the Pro Adviser Poll.

Advisers, have you transferred out of your DB pension(s)?

Pro Adviser Poll

Professional Adviser
clock 02 December 2021 • 1 min read
Keith Churchouse: "As we see another mutual face a vote on its future, will this also be the turning point for more far-reaching change?"

Keith Churchouse: End of another mutual and change ahead?

The laws of unintended consequences

Keith Chruchouse
clock 01 December 2021 • 3 min read
Lee Hollingworth: "Asset managers have a key role to play during the next phase of the evolution of retirement saving in the UK."

Franklin Templeton names Lee Hollingworth UK retirement head

'Core growth area'

Jenna Brown
clock 01 December 2021 • 1 min read